How to issue shares

Hello accountancy experts.

I've recently founded a small company selling software. I issued 100 shares (£1 each) to myself on formation. I now want to issue 8.5% to someone I want to bring into the company. The shares are instead of a salary, he will receive annual dividends.

I've got the SH01 form, and I have a share certificate which I made myself. Do I just need to fill in the form and issue the new shareholder a certificate? Also, can I issue half a share?

Many thanks for your help. Dave.

 

Comments
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To give someone 8.5% ...

Old Greying Accountant |
Old Greying Accountant's picture

*I'm sole shareholder. Do I

Dave Mess |

Yes

Canary Boy |
Canary Boy's picture

Did you get any tax advice?

Siilycountry |

dividend amounts

Huw Williams |