HOW TO GUIDE FOR CC’S
Step 1: Creating a client on Formation
Make sure that you’ve marked the client as a CC
Activate the client as a Sec client
Go to Secretarial>>Company>> Formation:
Select the CC radio button to get a list of all your CCs.
The client code in orange indicates that the client has not been created on the Formation screen.
On the right-hand side – click on the new icon to create client on Formation:
Registration no, registered and incorporated date will pull through from the client maintenance screen.
Step 2: Adding Members
Go to Secretarial>>Company>>Transactions:
Click on new to create a new transaction
Click on the members tab. Then click on new to add members:
Click on the member field to select the name of the member, then fill in the other relevant info.
Step 3: Transferring members interest
Create a new transaction first.
Click on the edit icon, and then click on the small box next to the date, for the certificate number you want to cancel or transfer.
Then click on “yes” when the program prompts you to cancel. And save.
Then click on new icon to add the new member and allocate the percentage interest.
Converting from a CC to a Company
Go to Formation>>Select that client>>go to the shareholders tab and create a share class.
Then go to the Transactions screen>>select that client>> go to the members tab
Click on this icon to convert
The share class field and authorised field will automatically pull through from the Formation screen.
Type in the number of shares you want to issue here. The program will then take that amount and multiply it by the percentage interest, and then the result will be the number of shares.
When you’re done, click on this icon at the bottom:
The client type will change on Masters to “Company”.
