The Wholesale Forums

[tarik]

ok so im starting a new company, goign ltd. which one should i go for.....ltd by guarantee or ltd by shares. what would be the pros/cons of both. i am moving towards the ltd by shares approach. say for eg 1000 shares @ £1 each all to myself.

[hardwareheroes]

Go with shares everytime!

[tarik]

ok so simple as that huh? if i am to say invest 1k into the company am i right doing something like i described ie. 1000 shares at £1 each all owned by me/
thanks

[hardwareheroes]

Would usually only put in 100 £1 shares buit its up to you my friend - no need to load up the share value really

[tarik]

ok fair enough. thanks very much

[RWA]

You only need to own 1 £1 share in your company, it is a nominal value,you don't actually have to pay for the shares.

Also make sure you have a business bank account.