Transfering 50% (50 shares) to my parnter.

[JDL9000]

So I've given up trying to give my partner redeemable non-voting shares as its a bit confusing, even after calling A1company, they just loaded my with infomation.

I have 100 (100%) Ordinary shares and I want to transfer 50 of them to my parnter, we are not married so they cant be gifted.

How do I go about doing this? Do I Just fill out a stock transfer form, and issue her with a shares certificate and then update the share holders when doing the yearly accounts?

 

[CKG]

Yes.

Fill out a stock transfer form, issue a certificate and update the company records. No need to tell Companies House about it right away

The annual return will take care of that.

Any reason for a 50/50 split? How about 49/51 so you can get a majority vote.

 

[Chris Ashdown]

How about shareholders agreement in case the future is not going to plan

 

[JDL9000]

Yes.

Fill out a stock transfer form, issue a certificate and update the company records. No need to tell Companies House about it right away

The annual return will take care of that.

Any reason for a 50/50 split? How about 49/51 so you can get a majority vote.

Once I fill out the stock transfer form do I need to file it somewhere, or do I just keep it for the companies records?

I'm not too bothered about having the majority vote, I wanted to do it so I could buy back the shares if things didnt go to plain.

 

[JDL9000]

How about shareholders agreement in case the future is not going to plan

So can I just issue my partner 50% and write up an agreement whereby I can buy them back when she is no longer employed by the company?

 

[JDL9000]

Also, will my partner have to pay for the shares? We are not married.

The shares will only be worth £50.

Thanks

 

[RTI-man]

I'm not an accountant or a businessman but I do have plenty experience in relationships and I'd say that a 50/50 split is incredibly dangerous. Nobody knows what the future holds.