Forming a Private Company and Understanding the Concept of Companies

This article provides insights into the process of forming a private company and explains the concept of companies and how they work.

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About Forming a Private Company and Understanding the Concept of Companies

PowerPoint presentation about 'Forming a Private Company and Understanding the Concept of Companies'. This presentation describes the topic on This article provides insights into the process of forming a private company and explains the concept of companies and how they work.. The key topics included in this slideshow are Private company, shareholders, share capital, financing, profits,. Download this presentation absolutely free.

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1. (c) St Patrick's Cathedral Grammar School Form 6 2005 (c) St Patrick's Cathedral Grammar School Form 6 2005 What is the procedure for forming a private company? What is the procedure for forming a private company?

2. (c) St Patrick's Cathedral Grammar School Form 6 2005 What is a company? What is a company? Companies are businesses owned by investors who are called shareholders. These people contribute their money into a common fund called share capital. Companies are businesses owned by investors who are called shareholders. These people contribute their money into a common fund called share capital. The money is then used to finance the business. The money is then used to finance the business. Then the profits are divided among shareholders through dividends Then the profits are divided among shareholders through dividends

3. (c) St Patrick's Cathedral Grammar School Form 6 2005 W W h h a a t t i i s s a a p p r r i i v v a a t t e e c c o o m m p p a a n n y y ? ? W W h h e e n n a a s s h h a a r r e e h h o o l l d d e e r r o o f f a a p p r r i i v v a a t t e e c c o o m m p p a a n n y y p p l l a a n n s s t t o o s s e e l l l l h h i i s s s s h h a a r r e e s s , , h h e e m m u u s s t t g g e e t t t t h h e e a a p p p p r r o o v v a a l l o o f f a a l l l l t t h h e e o o t t h h e e r r s s h h a a r r e e h h o o l l d d e e r r s s , , a a s s t t o o w w h h o o t t h h e e n n e e w w s s h h a a r r e e h h o o l l d d e e r r w w i i l l l l b b e e . . A A p p r r i i v v a a t t e e c c o o m m p p a a n n y y c c a a n n h h a a v v e e o o n n l l y y o o n n e e s s h h a a r r e e h h o o l l d d e e r r , , p p r r o o v v i i d d e e d d t t h h e e r r e e a a r r e e t t w w o o d d i i r r e e c c t t o o r r s s . . T T h h e e m m a a x x i i m m u u m m n n u u m m b b e e r r o o f f s s h h a a r r e e h h o o l l d d e e r r s s t t h h a a t t a a n n y y p p r r i i v v a a t t e e c c o o m m p p a a n n y y c c a a n n h h a a v v e e i i s s f f i i f f t t y y . .

4. (c) St Patrick's Cathedral Grammar School Form 6 2005 The Procedure for forming a private company. The Procedure for forming a private company. To form a private limited company you must: To form a private limited company you must: #1. Have at least one shareholder and two directors. #1. Have at least one shareholder and two directors. (A director does not have to be a shareholder) (A director does not have to be a shareholder)

5. (c) St Patrick's Cathedral Grammar School Form 6 2005 The Procedure for forming a private company. The Procedure for forming a private company. To form a private limited company you must: To form a private limited company you must: #2. Prepare a Memorandum of Association. #2. Prepare a Memorandum of Association. This is a document stating, how the company plans to deal with the public, including the name of the company, its purpose, and the no. of shares held by the founder shareholder. This is a document stating, how the company plans to deal with the public, including the name of the company, its purpose, and the no. of shares held by the founder shareholder.

6. (c) St Patrick's Cathedral Grammar School Form 6 2005 T T h h e e P P r r o o c c e e d d u u r r e e f f o o r r f f o o r r m m i i n n g g a a p p r r i i v v a a t t e e c c o o m m p p a a n n y y . . T T o o f f o o r r m m a a p p r r i i v v a a t t e e l l i i m m i i t t e e d d c c o o m m p p a a n n y y y y o o u u m m u u s s t t : : # # 3 3 . . P P r r e e p p a a r r e e t t h h e e A A r r t t i i c c l l e e s s o o f f A A s s s s o o c c i i a a t t i i o o n n . . T T h h i i s s i i s s a a d d o o c c u u m m e e n n t t t t h h a a t t e e x x p p l l a a i i n n s s t t h h e e i i n n t t e e r r n n a a l l r r u u l l e e s s o o f f t t h h e e c c o o m m p p a a n n y y , , e e . . g g . . t t h h e e t t y y p p e e s s o o f f s s h h a a r r e e s s t t h h e e c c o o m m p p a a n n y y c c a a n n i i s s s s u u e e , , t t h h e e w w a a y y s s t t h h e e m m e e e e t t i i n n g g s s a a r r e e t t o o b b e e a a r r r r a a n n g g e e d d a a n n d d d d i i v v i i d d e e n n d d p p o o l l i i c c y y e e t t c c . .

7. (c) St Patrick's Cathedral Grammar School Form 6 2005 The Procedure for forming a private company. The Procedure for forming a private company. To form a private limited company you must: To form a private limited company you must: #4. Complete the Form A1. #4. Complete the Form A1. This form must contain a declaration of compliance with the companies acts, a statement of the amount of the Authorised Share Capital, names of first company secretary and first company directors, plus the address of the companies registered office. This form must contain a declaration of compliance with the companies acts, a statement of the amount of the Authorised Share Capital, names of first company secretary and first company directors, plus the address of the companies registered office.

8. (c) St Patrick's Cathedral Grammar School Form 6 2005 T T h h e e P P r r o o c c e e d d u u r r e e f f o o r r f f o o r r m m i i n n g g a a p p r r i i v v a a t t e e c c o o m m p p a a n n y y . . T T o o f f o o r r m m a a p p r r i i v v a a t t e e l l i i m m i i t t e e d d c c o o m m p p a a n n y y y y o o u u m m u u s s t t : : # # 5 5 . . R R e e g g i i s s t t e e r r w w i i t t h h t t h h e e R R e e g g i i s s t t r r a a r r o o f f C C o o m m p p a a n n i i e e s s . . I I n n t t h h e e C C o o m m p p a a n n i i e e s s O O f f f f i i c c e e , , p p a a y y t t h h e e r r e e g g i i s s t t r r a a t t i i o o n n f f e e e e , , p p l l u u s s t t h h e e s s t t a a m m p p d d u u t t y y ( ( C C a a p p i i t t a a l l D D u u t t y y ) ) o o n n t t h h e e A A u u t t h h o o r r i i s s e e d d S S h h a a r r e e C C a a p p i i t t a a l l . .

9. (c) St Patrick's Cathedral Grammar School Form 6 2005 T T h h e e P P r r o o c c e e d d u u r r e e f f o o r r f f o o r r m m i i n n g g a a p p r r i i v v a a t t e e c c o o m m p p a a n n y y . . T T o o f f o o r r m m a a p p r r i i v v a a t t e e l l i i m m i i t t e e d d c c o o m m p p a a n n y y y y o o u u m m u u s s t t : : # # 6 6 . . T T h h e e c c o o m m p p a a n n i i e e s s o o f f f f i i c c e e t t h h e e n n i i s s s s u u e e a a C C e e r r t t i i f f i i c c a a t t e e o o f f I I n n c c o o r r p p o o r r a a t t i i o o n n T T h h e e c c e e r r t t i i f f i i c c a a t t e e i i s s l l i i k k e e a a b b i i r r t t h h c c e e r r t t i i f f i i c c a a t t e e . .

10. (c) St Patrick's Cathedral Grammar School Form 6 2005 The Procedure for forming a private company. The Procedure for forming a private company. Once you have followed all the steps, you now can start your on private company. Once you have followed all the steps, you now can start your on private company.