3.
Re: Issuing shares Feb 29, 2008 11:43 AM
Issuing shares, Good luck
I do not know the answer to question # 1. Sorry. That is why you need a Lawyer.
The answer to question # 2
How you distribute shares in a corporation depends upon whether or not you have other people investing
in your corporation. If you're the only investor, things are simplified a great deal.
When you incorporate, you typically purchase a set of corporate records, which includes stock certificates
and a stock transfer ledger (a share register). Further, when you incorporated, your corporation was
'authorized' to 'issue' a given number of shares. If you're the only founder and investor, you typically
put some money into the corporation and take some shares in exchange. That is, you issue some corporate
shares to yourself. How much you pay for a share is pretty arbitrary as is the number of shares you
receive.
And the answer to Question # 3 is YES.
Do you have a Lawyer?? An Accountant??
Good luck, LUCKIEST
