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[Music] for most small companies one person-to-person companies if they want to form if the directors want to form the company themselves they really only need to issue themselves with say a hundred one-pound shares anything more than that is his is pointless really and potentially dangerous we have had a few clients come to us over the years where for some reason theyve just just gone mad and issued themselves with 40,000 one-pound shares or a hundred thousand or or in one case five hundred thousand why that is dangerous is because in paints you just created a loan you now owe your company 40 thousand pounds for the shares if youve issued them and not paid them and thered been no reason to pay it if youre just a typical small small company why its dangerous is because if you go bust if you go into liquidation at some point the liquidator could say that the shareholders still owe money for these shares and they would want a hundred thousand pounds off you maybe well if you only ha
