Limited company rules and legality relating to share ownership and assets

[freeflowwales]

The initial start-up capital of a limited company, how does that get taxed? Or is that tax-exempt?
Also if there are 2 shareholders in a limited company with 1 share each, if the company wants to sell land, would both of the shareholders have to agree, and can you make it through the articles that the director cannot sell land/assets? Also if the company has sold the land and then holds say £30000, if it gets wound up voluntarily would the shareholders get £15000 each if it has no debts even if the value of the shares are only £1 each?

[atticus]

The initial start-up capital of a limited company, how does that get taxed? Or is that tax-exempt?

This is the company's capital. My understanding is that it is not taxed in the company's hands. Your accountant can advise/confirm.

Also if there are 2 shareholders in a limited company with 1 share each, if the company wants to sell land, would both of the shareholders have to agree, and can you make it through the articles that the director cannot sell land/assets?

I suggest that you get a shareholders' agreement prepared that stipulates exactly who can do what.

Also if the company has sold the land and then holds say £30000, if it gets wound up voluntarily would the shareholders get £15000 each if it has no debts even if the value of the shares are only £1 each?

Yes that is the whole point. Shareholders benefit through the growth in value of the company