HOW TO TRANSFER SHARES FROM ONE PERSON TO ANOTHER
The shares of a limited company can be transferred from person to
person at any time. This can be done in two ways:
-
A shareholder sells some or all of their shares to another
person, or by
-
A shareholder gifts some or all of their shares to another
person, without any financial transaction.
The 121 Company Formation Transfer of Shares service will ensure
that all the necessary paperwork is completed correctly and
submitted to Companies House on your behalf.
The process is usually complete within 24 and 48 hours
HOW IT WORKS
To transfer shares, the J30 Stock Transfer form must be completed.
-
Full details of the company must be entered on this stock
transfer form
-
The J30 form must be signed by both the transferor of the shares
and the transferee (the person receiving the shares)
-
In some cases the shares will be transferred to a new
shareholder whilst in other cases, shares may be transferred
between existing shareholders, i.e. between family members. In
either case, the J30 Stock Transfer form must include the
following information for the person receiving the shares (the
transferee):
- Full name
-
Contact address – this will be displayed on Companies
House records and the share certificate
-
The class, number and value of shares being transferred
If the value of the shares being transferred exceeds £1,000
then the person buying the shares is required to send the J30
Stock Transfer form to HMRC who will calculate the amount of Stamp
Duty payable. 121 Company Formation will facilitate the entire
process as part of our Transfer of Shares service.
The share transfer is only updated at Companies House once a
Confirmation Statement
is filed. We always advise you to submit a confirmation statement
online in order to fully reflect a share transfer, especially if
the share transfer is required to open a business bank account or
for another immediate purpose.
In the interim, you can use the new share certificates, your
amended Memorandum & Articles of Association, and your
original J30 form to prove the share transfer and any private sale
contracts you may have drawn up.
PURCHASE THE TRANSFER OF SHARES SERVICE
For just £79.99 purchase the Transfer of Shares service
through our website or for further information email us at:
info@121companyformation.co.uk
.
