"As part of the company registration process, you might be tempted to come up with a lofty valuation for your shares. Don't. You'll only cause yourself hassle. Create 100 shares of £1 each and assign 1 share to each equal cofounder. You can change those numbers to reflect however you decided to set up the company. If you want to implement vesting, close this web page and get in touch with a solicitor."
This isn't the case if you register through Companies House - you have to allocate all share capital.
I found this out when using their online registration service recently - according to my accountant it's a change from the Companies Act 2006.
The Companies House registration service is definitely worth using - you'll probably get your company set up within an hour or two of filing the form. Unless you have a complicated shareholder agreement (in which case you really should get yourself a good lawyer if you don't already have one) the default Articles of Association will be fine for you.
This isn't the case if you register through Companies House - you have to allocate all share capital.
I found this out when using their online registration service recently - according to my accountant it's a change from the Companies Act 2006.
The Companies House registration service is definitely worth using - you'll probably get your company set up within an hour or two of filing the form. Unless you have a complicated shareholder agreement (in which case you really should get yourself a good lawyer if you don't already have one) the default Articles of Association will be fine for you.