Hello,
I recently filed for incorporation status for a company I am starting with two other people. I went with the default 200 shares, and I have a few questions. Right now I'm the sole proprietor. Who owns the 200 shares? Do I own all of them? Would it be possible for me to put them under the company name, so that when I distribute the shares to my partners and myself, we will have leftover shares for other investors? I would rather not have ~80% of the shares under my name while my partners have only 20%.
If/when they are under the name of the company, I can go about distributing shares by just filling out selling of shares forms and selling each share for like, $0.01 correct?
Also, once I have distributed the shares, is there a way to confirm with the DOS that we're all shareholders, so that when I file for C-corp status we can all sign to approve the filing?
Sorry if any of this is basic, I've done a lot of research on this but nothing seems to clearly lay out how to go about all of this.
Thanks,
Mr. Green
I recently filed for incorporation status for a company I am starting with two other people. I went with the default 200 shares, and I have a few questions. Right now I'm the sole proprietor. Who owns the 200 shares? Do I own all of them? Would it be possible for me to put them under the company name, so that when I distribute the shares to my partners and myself, we will have leftover shares for other investors? I would rather not have ~80% of the shares under my name while my partners have only 20%.
If/when they are under the name of the company, I can go about distributing shares by just filling out selling of shares forms and selling each share for like, $0.01 correct?
Also, once I have distributed the shares, is there a way to confirm with the DOS that we're all shareholders, so that when I file for C-corp status we can all sign to approve the filing?
Sorry if any of this is basic, I've done a lot of research on this but nothing seems to clearly lay out how to go about all of this.
Thanks,
Mr. Green
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