How many shares can be issued and what are the different classes of shares?
A Company must not have more than 50 non-employee shareholders. There is no restriction on the number of shares that may be issued. However, it may be a good idea to issue 12 shares when the company is registered. This usually makes it easier to transfer shares to new or existing shareholders without having to continually alter the company’s share capital. You should seek advice regarding this before deciding on the number of shares in the initial share capital for your company.
