Share Premium Account

Share Premium Account

Didn't find your answer?

I have a new client who set up his Limited Company with 4 shares.  He has 3 of the shares and a third party has 1 share.  The third party has put in £12,000 for his one share.  The client is the sole director and has not paid for his 3 shares.  I asked him to confirm that the £12,000 was payment for the share and not a loan and he confirmed that.  It seems very trusting that a person should pay £12,000 for a quarter share in a new company - is this normal or should I be giving other advice? 

Replies (2)

Please login or register to join the discussion.

pic
By jndavs
11th Mar 2015 13:34

Shareholders
You could try getting confirmation from the other shareholder.
Are they connected?

Thanks (0)
By johngroganjga
11th Mar 2015 13:40

Yes get the other shareholder to co confirm what his £12,000 is, but don't attempt to give him advice about what it would be best for him to say it was.

Thanks (0)