Company shareholders are the owners of a company. Shares are allocated in proportion to the level of ownership that a person/company has in the new company. For example, if a company has 100 ordinary shares issued and Bill owns 50 of those 100 shares, then he owns 50% of the company. Conversely Susan who only owns 10 shares owns 10% of the same company.
All PTY LTD companies (the type registered through eCompanies) must have at least one owner having minimum 1 share, so you can't skip the share allocation section.
The information on this site is of a general nature only and does not constitute legal, tax, commercial or other professional advice. You must seek your own advice in relation to your particular circumstances before acting. View our full terms & conditions.
Need more information? Check out other frequently asked questions.