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Form A1 - Company Capital

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  • 11-08-2011 3:27pm
    #1
    emcnamee
    Registered Users Posts: 35 ✭


    Hi,

    I can't seem to find an answer to this question.

    Is there a minimum share capital for a private limited company, i.e. can I have a €100 total authorised share value with 100 shares at €1 each?

    Cheers,
    E


Comments

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    #2
    dbran
    Registered Users Posts: 2,094 ✭✭✭dbran


    Hi

    No there is no minimum, but it is usually a good idea to set the authorised share capital to a high figure. In this way you are free to issue more shares later on without having to amend the memo and articles of the company to do so.

    Kind Regards

    dbran


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    #3
    emcnamee
    Registered Users Posts: 35 ✭emcnamee


    Great. One question though. Say I go for a million shares of €1 each and the company goes insolvent and is wound up. What way is the liability sorted? Shareholders are liable to the extent of unpaid shares. I'm confused with this statement.

    Cheers,
    E


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    #4
    NCG
    Registered Users Posts: 80 ✭✭NCG


    That would be issued, but unpaid, shares. As DBRAN says, you should have a reasonable authorised share capital to facilitate future change. It would be common for a small company to have an authorised capital of €100,000 with only €100 issued (as you are suggesting).


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