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I'd have thought not... but for a UK-registered company with no trading activity, can the Micro-entity Balance Sheet filed with Companies House show '0' for Capital and Reserves?
My error...
There's a typo toward the end of my comment, which should read:
Such scenarios are bad-enough when 'you know you don't know enough', and far worse when 'you don't know you don't know enough, but think you do'.
Though anything less than 'brutal honesty' is inappropriate, I've absolutely no desire to be rude and hence tempered my initial comment accordingly.
Having decided to stay away from things where I can't be of help (either because I don't know enough, or resistance to my input), I do however...
Thanks.
It's useful to be aware that 'there's many ways to do various stuff, and so there's much in favour of one which you're personally more comfortable (and so helps you perform better)'.
Specifically with the extra directors boosting the perception of your operation... 'while it may not be...
>Please let me know what you think...
Honestly, and constructively/objectively rather than simply personal preference... it's poor - 'an amateur effort from 2004', it fails on clarity,structure, design, visual appearance, copy and overall 'vibe'.
There's many good examples of more effective...
The 'benefits and/or potential pitfalls of my planned structure' aren't of great significance - although a for/against case could easily be made, your preference is viable and workable (subject of course, to appropriate M&As).
Brief clarification...
Shares can be paid, unpaid, part-paid.
The initial members listed on company registration often leave them unpaid - and they can remain so unless the company requests payment or is wound up. It depends on the provisions of the articles of association.
Payment can be...
'What do you do?'
Immediately get legal advice.
As part of this, gather and preserve relevant records/etcetera.
And the info at https://www.gov.uk/government/publications/options-when-a-company-is-insolvent/options-when-a-company-is-insolvent may soon become appropriate.
Depending upon...
On not very strong ground.
Gather what evidence you can to prove performance of the contracted services.
Be prepared to not get paid - either because the case doesn't get decided in your favour, or there are insufficient assets.
The 'going-forward point' is 'produce and save appropriate...