Add information about Shares (Equity), Members (Shareholders) & Officeholders (Directors)
Start by creating the Classes of Shares
Typically, special classes of shares i.e. Special Class A Shares have rights & restrictions associated with the shares. Perhaps a special share only pays dividends or may have limited voting rights.
Add in the company shareholders
Add in the company
Create Issued Capital. Note that you must issue the share before you allocate it to a member.
Since in the example below paid per share is equal to the share face value, the shares are said to have been issued at par.
If not all the cash is collected in exchange for the shares then reflect the amount unpaid in the Unapid Per Share field.
Once shares are issued they need to be assigned to a member
Select the Shareholder / Member
Select from the Issued Shares to assign to this Member. Indicate the number of shares & if the shares are fully paid or not.
If you are working with certificates, create a certificate number for the batch of shares issued to the member and note the serial numbers for the From
Where the shares are not beneficially held, then they are held on behalf of another person or
Note that the shares can be transferred or disposed of using the following function