Hi,
We will be doing accounts for 2 new companies and I have a few questions about the share capital.
1. Is there any benefit to having share capital paid instead of unpaid (The issued shares are only worth £100 so not much)? I have looked online and cannot see any benefit. So I was thinking we could just leave them as unpaid forever. Am I missing something somewhere? Are there any tax implications if they are left unpaid? For what reason would a company bother paying up share capital for such small amounts if it can be simply left unpaid?
2. The second company also has £100 unpaid share capital and will be closed down. I think in a company that will be closed down (And has debts) the share capital should be paid up, even if it's only £100. Can anybody confirm this?
Thanks a lot for any help :-)