[GNC] Can I add to Equity?

[Michael or Penny Novack]

On 12/2/2022 1:49 PM, john wrote:
> That accountant you pay can also tell you how to set up your books for the new company. You'll get much better advice from them than from this list: They're licensed to practice accounting in the UK, unlike anyone here.
>
> That said the £1 per share is called par value and is the lowest amount the company might sell the shares for. It's usually much less than the actual price the company gets for the shares and that's what you enter in the company's books. See e.g. https://smallbusiness.chron.com/account-issuance-par-value-shares-57788.html.
>
> Regards,
> John Ralls
>
I suspect, what the accountant is telling you, is that even a sole 
proprietor (no stock) company in the UK has this minimum..

You know you COULD just take a quid out of your wallet, deposit it in 
the business bank account, and enter the transaction that way (debit the 
bank account and credit this capital account). It is possible your 
accountant neglected to tell you this obvious solution. In other words, 
you "bought" your (own) company for that minimum. Like here the usual 
minimum for a contract would be one dollar.

Michael D Novack