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Shares and shareholders

What is a share?

A share is a unit of ownership in a Limited Company. For example, a company may have 100 shares, owned by different shareholders.

What is a shareholder?

A person or a corporate body (such as another company) that owns part of a limited company through holding shares in it. Shareholders usually have voting rights in deciding how the company is run and appointing the directors.

Are shareholders required for my limited company?

A limited company (limited by shares) must have at least one shareholder. There’s no limit on the maximum number of share-holders. If you are the only shareholder, you’ll own 100% of the company. The price of an individual share can be any value. You can choose a low share value for example, £1 per share.

Can anyone be a shareholder?

Anyone can own shares in a company, including a corporate body (such as another company)

Do I need more than one shareholder?

No, only one shareholder is required to form a company.

What is the difference between a shareholder and a director?

Shareholders own the company and directors are appointed to run the company. In a small company, these tends to be the same people but do not have to be.

How many shares are required when setting up a company?

There must be at least 1 share issued which is held by somebody upon incorporation. Typical share values are £1 per share.

Can a company have different types of share?

Yes, and different classes of share can have different rights in terms of voting and dividends. For example, a company may have 10 x Ordinary A Shares with sole voting rights and 90 x Ordinary B Shares with no voting rights. The holders of the Ordinary A Shares would control the company through voting rights.

What is the nominal value of a share?

The nominal value is how much a shareholder paid for the share and how much it is worth if the company is wound up. This can be as little as 1p and usually £1.

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Your process was quick, easy to follow and very professional. Even though we did everything over the phone and chat on your website and email, I have to say it feels like I've met you all in person because of all the care and consideration shown. I can't thank you enough and you absolutely have my 100% recommendation.

Alan Douglas

We used Mint Formations to open our UK based business while we were based in South Africa. The process was incredibly fast and efficient with great communications throughout the process. We would highly recommend anyone use Mint Formations to open their UK business and with help in opening your UK business bank accounts.

Gavin Mannion

Initially, I was very hesitant to register my new limited company from online website. I chose Mint because of their highly professional website. I am glad I did as the staff were very polite, professional and exceptionally helpful. They managed to register my company same day and sent me all the paperwork saving me a lot of time.

Jessica Bingham

I live in Holland. I went to the Companies House website and downloaded the application. There was so much to fill and many questions. I was worried about making mistakes. So, I searched Google and found Mint who does everything online. They have a very easy to use Website with clear instructions. I completed my application in the night and the next my new company was formed. Simple and quick.

Lucas Jansen

I was thinking of using a lawyer or an accountant to form my new UK company. Then I found Mint website online and spoke to Kate. It immediately became clear that I need not waste my money with a lawyer. I made an online application and received all my official paperwork in an email the following day.

James Tomblin

I was not sure how to deal with company formation as this is my first experience in starting my own business. A friend of mine recommended Mint and he was right. They made it really simple for me and answered all my questions with patience and help me set it up. I would recommend Mint to anyone who is starting a new business.

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