Annual filings for a company that never started trading
A company registered years ago and never operated. Its filings were ignored.
Read the scenario →Illustrative example
Documenting a share allotment to a first investor
A startup receives investment and needs the corporate paperwork to match the money.
Scenario type: Early stage technology company. This is a hypothetical example, not a real client.
The situation
An angel investor wires funds on the strength of a chat. The company has no board resolution, no allotment, and no updated register.
The challenges
- Money is in the bank without proper allotment records
- Timelines apply between receipt of funds and allotment
- The register of members and cap table are out of date
How it is typically handled
- 1Convene the board and pass the required resolutions
- 2Issue the shares and prepare the allotment documents
- 3File the required forms with the registry within the time allowed
- 4Update statutory registers and issue share certificates
What a good outcome looks like
The investment is matched by documents and filings, so later funding rounds and due diligence start from a clean record.
Key takeaways
- Funds received need an allotment on time
- Registers and cap table must match the filings
- Clean records make the next round faster
This scenario is general information for illustration. Rules, thresholds and deadlines change and depend on your facts, so confirm the position for your own situation with a qualified professional.
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