- Original Poster
- #1
Hey all, I have been a lurker on this forum for some time, gaining advice by viewing. Nevertheless, I have a specific urgent question that I would really appreciate your wisdom on.
I am trying to ascertain whether it is possible to set up a limited company which has 50,000 shareholders and the invite for people to become a part of this company takes places online, in the media etc. I have spoke to companies house this morning who have stated that it is possible to have shares of 50,000 in a limited company.
However, I wondered whether anyone could give advice on the following:
1) Administration wise: would each shareholder be required to recieve a paper copy of the share certificate? Would regular shareholders meetings be required to take place.
2) As shares would be offered in the public domain would some form of prospectus be required?
3) Are there any other draw backs to such a limited company? Or anything else that I should be aware of?
Basically, I want to know whether this is possible, legally. I must highlight that initially people will not be required to pay up front but merely register their interest.
I would be grateful for any advice, this is urgent.
Thank you in advance.
I am trying to ascertain whether it is possible to set up a limited company which has 50,000 shareholders and the invite for people to become a part of this company takes places online, in the media etc. I have spoke to companies house this morning who have stated that it is possible to have shares of 50,000 in a limited company.
However, I wondered whether anyone could give advice on the following:
1) Administration wise: would each shareholder be required to recieve a paper copy of the share certificate? Would regular shareholders meetings be required to take place.
2) As shares would be offered in the public domain would some form of prospectus be required?
3) Are there any other draw backs to such a limited company? Or anything else that I should be aware of?
Basically, I want to know whether this is possible, legally. I must highlight that initially people will not be required to pay up front but merely register their interest.
I would be grateful for any advice, this is urgent.
Thank you in advance.
