For most small one or two person Companies, the directors need only issue themselves with, say, a 100, £1 shares. Anything more than that is potentially risky. It would be dangerous for someone to issue themselves with, say, 40,000 £1 shares because they have then created a £40,000 Company debt which must be repaid by shareholders if it goes into liquidation. Fortunately, there is a way to correct this as long as the Company is making money and the balance sheet is positive.

Find out more at www.ams-accountancy.co.uk

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