Overview
When a company is first incorporated, the shareholders must actually buy the shares they are acquiring. This is typically done by writing a cheque to the company for the total amount so that the payment is clearly recorded.
When setting up the company, Ownr will automatically set your initial price per share at $0.01. Since your company is brand new, Ownr assumes the shares have a nominal value (although the value will increase as your company grows). So by default, Ownr assigns the total value of your 1000 shares at $10.00.
Sometimes entrepreneurs want to change the initial price per share and the number of shares issued at the time of incorporation. This could be because they have decided to issue many more shares (for example, 10,000,000 shares). Or perhaps the founders have agreed to pay a larger sum for their initial shares as a way of financing the business, rather than paying a nominal amount.
Before you get started
All of the shareholders will need to actually pay that amount to the company that is listed on the price per share.
Make the price per share reasonable and agreeable to all initial shareholders.
Edit price per share
Follow the steps below to edit the initial price per share on your application:
1. On the Shares & Share Classes page click Switch to Advanced Mode. Confirm you would like to switch to Advanced Mode.
You can always switch back to Simple Mode if needed.
2. On the Shareholders page, edit the initial price per share in the Price per share text box.
