Issuing shares on incorporation

[MisterMusty]

Hi,

I'm hoping to incorporate a new Ltd company of which I will be the sole shareholder initially but then I expect to introduce other shareholders as I bring in senior management and investors in the years to come. I wanted to ask about the whole issued/authorised shares question and how it's been affected by the new legislation.

I think I understand that you must 'authorise' any number of share you like then you can 'issue' some of them to yourself and as they are the only shares yet issued you are the 100% shareholder.
-What are the implications of 'authorising' many vs few shares?
- What are the implications of issuing to myself a small or large proportion of the shares authorised?
- How can I leave the company adequately prepared for future introduction of other shareholders?
- How can I leave the company adequately protected against possible troubles regarding share allocations in the future?
- Do I need to consult an accountant to be sure of getting all this right or is it fine to incorporate the company myself with Companies House?

That's a lot of questions I know. Huge thanks in advance for any help with any of them.

Steve

[GillespieBS]

Firstly there is no such thing as authorised share capital since the new companies act has taken effect. Therefore you only need to consider how many shares to issue yourself.

If you intend to issue shares to management in the future then why not give yourself 1000 shares now and then you can gift some later.

I don't think that you need to be too concerned about future share transactions for new investors now.

I would advise to speak to an accountant. Most give free initial consultations and potential investors would have more confidence in your management figures when considering an investment.