Only shareholders can contribute to paid up capital by buying more shares. Shares can be purchased with cash, or with assets, tangible or intangible, that have been properly valued, for example, buildings, property, machinery, or intellectual property.Bluemango wrote:Hi, I've set up a Pte Ltd company with a partner with a paid up capital of $500.00. In our first mth operation we have closed $126k sales with $63k collection. We were being advised to increase our paid up capital to $50k due to some requirements for a new project. My question is, what is the best way for us to `transfer' $50k in the accounts as 50/50 equity for the paid up capital from myself and my partner?
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