How Do We Issue Corporate Shares?
Several weeks ago, I wrote about how to issue LLC membership interests. In this post, I am addressing how a small corporation should issue corporate shares.
To start, one must examine the Certificate of Incorporation (Delaware) or Articles of Incorporation (California) to determine the maximum number of shares that may be issued. (To simplify this discussion, I will assume that only one class of common shares has been authorized.) A corporation may not issue more shares than are authorized. (more…)
Must a Corporation Issue All Authorized Shares?
Sample Stock Transfer Ledger
This post is based on a conversation I had with a foreign client recently. Q. Must a corporation issue all authorized shares?
A. No, a corporate may, but it does not need to, issue all authorized shares.
Foreign Parent Audit
This question arose because my foreign client was being audited. The auditors thought that they had uncovered a problem.
