Valuating Market Shares

[kazh]

I started a limited company a few months ago. It has 1 share of £1 assigned to me, the director and owner and only person involved in the company. So far the company has made 2 transactions totalling around £100. The company has no assets and expenses of a few hundred a month, so it is losing money. I want to create and sell shares to a shareholder of 49% shares. But I need to find out the market value of shares before I can sell them I think?

Is it worth getting a valuation, or since the company is new and hardly any activity it would be worth nothing right now? Do you recommend a company that does this kind of valuation? would it make more sense to just close the company down and start a new one and split the shares at creation?

Thank you in advance!

[eek]

I started a limited company a few months ago. It has 1 share of £1 assigned to me, the director and owner and only person involved in the company. So far the company has made 2 transactions totalling around £100. The company has no assets and expenses of a few hundred a month, so it is losing money. I want to create and sell shares to a shareholder of 49% shares. But I need to find out the market value of shares before I can sell them I think?

Is it worth getting a valuation, or since the company is new and hardly any activity it would be worth nothing right now? Do you recommend a company that does this kind of valuation? would it make more sense to just close the company down and start a new one and split the shares at creation?

Thank you in advance!

WTF did you not put this detail in your other posts.

Oh and this question was actually answered in your previous thread - you just need to find the appropriate post (I think it's on page 10)..

[WTFH]

I started a limited company a few months ago. It has 1 share of £1 assigned to me, the director and owner and only person involved in the company. So far the company has made 2 transactions totalling around £100. The company has no assets and expenses of a few hundred a month, so it is losing money. I want to create and sell shares to a shareholder of 49% shares. But I need to find out the market value of shares before I can sell them I think?

Is it worth getting a valuation, or since the company is new and hardly any activity it would be worth nothing right now? Do you recommend a company that does this kind of valuation?

Thank you in advance!

Based on your previous posts, it might be worth knowing:
Is your company currently in debt?
Does it have the funds to pay the relevant taxes and charges?
Does it have a method of generating income?
If it has no assets and no income, what are the current expenses?
Are you currently drawing a salary and dividends?

[Paralytic]

Before answering, others may want to read this: https://www.contractoruk.com/forums/...areholder.html

TL;DR - despite many questions, it's not clear why the OP is wanting to do this. It *looks* like an attempted workaround to reduce/avoid/evade tax but impossible to say without more information.

[courtg9000]

I started a limited company a few months ago. It has 1 share of £1 assigned to me, the director and owner and only person involved in the company. So far the company has made 2 transactions totalling around £100. The company has no assets and expenses of a few hundred a month, so it is losing money. I want to create and sell shares to a shareholder of 49% shares. But I need to find out the market value of shares before I can sell them I think?

Is it worth getting a valuation, or since the company is new and hardly any activity it would be worth nothing right now? Do you recommend a company that does this kind of valuation? would it make more sense to just close the company down and start a new one and split the shares at creation?

Thank you in advance!

So 49% of 3/5 of Sweet F All is what the shares are worth in all actuallity
No need to bother with drafting a firm in for a valuation
Hope this helps
PS: Are you Dominic Chappell in disguise?

[kazh]

WTF did you not put this detail in your other posts.

Oh and this question was actually answered in your previous thread - you just need to find the appropriate post (I think it's on page 10)..

I did! Its buried in the thread somewhere! yeah but in the same thread there is conflicting advice! One said since I'm hardly making anything shares are worth nothing! so it's fine to give the share for nothing

Another said if they're worth nothing and shareholder pays nothing, then it starts to make money, could still be seen as a gifted share

[kazh]

Based on your previous posts, it might be worth knowing:
Is your company currently in debt?
Does it have the funds to pay the relevant taxes and charges?
Does it have a method of generating income?
If it has no assets and no income, what are the current expenses?
Are you currently drawing a salary and dividends?

No the company is not in debt
it has the funds to pay relevant taxes and charges
it does have a method of generating income but it is a service, if I go out and work it makes income, I have only done that twice so far hence only two transactions
current expenses are just few hundred for advertising, accountant, website, accounting software,
I have not taken any salary or dividends as of yet

[jamesbrown]

WTF did you not put this detail in your other posts.

Drip-feeding is the standard sockie M.O.

[kazh]

Before answering, others may want to read this: https://www.contractoruk.com/forums/...areholder.html

TL;DR - despite many questions, it's not clear why the OP is wanting to do this. It *looks* like an attempted workaround to reduce/avoid/evade tax but impossible to say without more information.

Oh not again! before this gets out of hand again I need to make this really clear:

Why I am doing this: I care about my friend who had a tough life and many surgeries and many more to come. neither of us have anything or made anything, or are educated, making money is tough for everyone, I want them to have enough to make them as comfortable as possible. I guess this will still be seen as vague and evasive by many so...

1) I am giving money to a friend who lives in France , I want to try to do that by making them a shareholder and allowing them to take dividends rather then sending them money as a gift

2) I will not benefit from this money in any way, my friend could spend it on food, holiday, I have no idea. It will not be benefiting directly or indirectly, they will not be investing or setting up anything from I will see the benefit in any way.

3) my friend is not blackmailing me or has any compromising data on me etc

4) I am not, and never have been married, and never had children, so I am not trying to pay a mistress

5) I do not have a joint account or any account with my friend

6) this person does not have any shares today at this moment

7) This person is not, never had been my lover, we have never had any romantic or sexual relations or activity etc

8) This person will not give me ANYTHING in return for the share i.e cash, gift, sexual favours, time, work, knowledge, advice, contacts, introductions to someone etc

9) I am not funding illegal, terrorist, or criminal organisations

[kazh]

So 49% of 3/5 of Sweet F All is what the shares are worth in all actuallity
No need to bother with drafting a firm in for a valuation
Hope this helps
PS: Are you Dominic Chappell in disguise?

ok thanks!

no, I'm not Dominic Chapelle, my last 10 video in my YouTube history was how to live live in a Prius! which, admittedly might be what Dominic might be considering when he gets out :P