There's a little bit at the bottom of this article (under 'practicalities') that gives generic guidance but no suggestion of specific wording.
https://www.accountingweb.co.uk/busi...-details-right
The final comment about getting investigation insurance is a good one.
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Previously on "Required documentation to legally split ordinary shares into Class A and Class B"
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Originally posted by pr1 View PostI think if OP is paying a "hefty fee" they can probably reasonably expect to get unlimited support these days - my "reasonable fee" accountant offers this as part of the monthly package (or "free" if that's how you see it)
+1 for getting a new accountant
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Originally posted by kaiser78 View PostI would expect my accountant to do this as part of their service that I pay whatever-hundered pounds a year for.
It wouldn't take them long to do - I say this because my accountant did some share juggling for me a couple of years ago (at no extra cost).
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Originally posted by malvolio View PostI asked my own accountant the same question. The answer is not to bother until you complete your year end declaration to CoHo. There used to be a form (probably still is) but you don't need it.
However that was just normal shares. You don't need to separate your wife's from yours unless there is a secondary reason you haven't covered: Arctic took care of that.
And get a new accountant...
However, it sounds like you want to create a new class of share which would require an SH01 form to be filed with Companies House when the new shares are allotted (before the confirmation statment).
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I asked my own accountant the same question. The answer is not to bother until you complete your year end declaration to CoHo. There used to be a form (probably still is) but you don't need it.
However that was just normal shares. You don't need to separate your wife's from yours unless there is a secondary reason you haven't covered: Arctic took care of that.
And get a new accountant...
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Originally posted by craigy1874 View PostGreat business model that one for accountancy firms!
An even worse business model is relying on the kindness of strangers on the internet to make sure you get your important company decisions right.
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I would expect my accountant to do this as part of their service that I pay whatever-hundered pounds a year for.
It wouldn't take them long to do - I say this because my accountant did some share juggling for me a couple of years ago (at no extra cost).
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Originally posted by craigy1874 View PostSo you don't think accountant should charge for this one-off piece of special work and instead tell the client how to do it themselves for free?
Great business model that one for accountancy firms!
+1 for getting a new accountantLast edited by pr1; 12 September 2017, 13:58.
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So you don't think accountant should charge for this one-off piece of special work and instead tell the client how to do it themselves for free?
Great business model that one for accountancy firms!
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Originally posted by samsg30 View PostAccountant is charging hefty fees for the same and not advising me on the documents which I can create myself. I don't think there is any complicated docs required hence why trying to get info from experienced member on this forum.
Then ask them how to do it. Whatever they advise you will be cheaper and better than your current accountant by the sounds of things.
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Accountant is charging hefty fees for the same and not advising me on the documents which I can create myself. I don't think there is any complicated docs required hence why trying to get info from experienced member on this forum.
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I'd ask your accountant what paperwork they think needs to be completed and go from there.
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Required documentation to legally split ordinary shares into Class A and Class B
Hi,
I am planning to split the existing 10 (of £1 each) ordinary shares to Class A and Class B alphabet shares so I can declare separate dividend for my spouse independent of Class A.
I am struggling to find the relevant documents I need to maintain / change to do this... like appropriate lines to put in Memorundum of Association which current talks about Ordinary share only.
My idea is: -
1) Do a shareholder's meeting and prepare MoM (me only) for splitting Ordinary shares to Class A and Class B
2) Prepare MoM for amending Memorundum of assiciation to include alphabet shares
3) Prepare MoM for gifting Class B shares to spouse.
4) Maintain some share certificate and register etc with proper class of certs which at the moment only mentions 'Ordinary' without any class.
5) Declare a separate dividend for Class B via MoM.
Please could someone put a template for this?
PS: I am aware of all risks and discussions of issuing class B shares so this post is specific to find out correct documentation when someone has made a decision to split ordinary shares to alphabet shares.
Thanks,
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