Many limited companies begin with a single shareholder who is also the registered director. Unless the company grows beyond the provision of services of its founder, it is unlikely to engage employees or to seek external funding through the sale of its shares.
However, as your business begins to expand, you may wish to consider a second shareholder. Below are some common questions our accountants are asked by contractors and other clients:
Although there are many advantages of bringing a second shareholder into a limited company, it’s important to realise that it may not be the right decision for everyone. PayStream have been providing accountancy services to contractors, entrepreneurs and other business owners for over 20 years so our accountants have the expertise to review your particular circumstances and plans for the future to ensure that the decision you take, and its timing, is right for you.