If you’re thinking of setting up your own limited company, one concept you’ll need to get to grips with is the whole area of shares.
When incorporating a Limited by Shares company you will need a Director and a Shareholder. Both are pivotal to the general running of the company with the differences depending on the company type; Limited by Shares, Limited Liability Partnership (LLP) or Limited by Guarantee. We know it can be confusing when setting up a company, so we have written this handy post that covers the differences between these two roles and everything else you need to know.
All UK limited companies must have at least one director, one shareholder and one person with significant control (PSC). All these roles can be taken by one person, however – as well being able to appoint other people, you can also appoint other companies in roles too. These are called corporate appointments. Continue reading
So you know what a director is (the person who runs the company), what a shareholder is (the person who owns the company), what a person with significant control is (the person who really owns the company) and what a secretary is (the person who takes care of the company admin… if you want to appoint one) but what on earth is a subscriber? Let’s take a look.
Changing your shareholder information is not quite as simple as changing director information (where an online CH01 form can be filed in a matter of seconds) – but it’s still quite simple. In this post we’ll look at how you can do this. Continue reading
Opening (or starting, or forming, or registering, or incorporating) a company limited by shares is now extremely simple thanks to formation agents (such as us!) and the registrar of companies, Companies House, simplifying the process. A company can now be formed online in just a matter of hours. Continue reading
Starting a UK limited company is simple. Very often the only hurdle that gets in the way is jargon; ‘company-speak’ that formation agents, accountants and Companies House (the UK’s registrar of companies – we’re busting jargon already!) continually drop onto websites and into conversations. In this, our latest StartUp TV, we look at exactly how simple it is is to form a UK company limited by shares … don’t worry, we explain what that means too! Continue reading
Inspired by a question received from a customer (thank you!) – in this post we answer the following “What is a limited company subscriber?” and “Can they be changed after a company has been formed?”. Continue reading
Adding shares to a company is a fairly simple process. To add shares, you need to complete the SH01 – Return of allotment of shares document, you then need to file this document with Companies House (this is free). The SH01 document outlines:
• How many shares are being added
• The value of these shares
• The share type Continue reading