Recent content by unlawd

A small business (C Corp) is authorized to issue 30,000 shares of stock. The company is an internet provider so there are "members or subscribers". An initial offering was done at $50 a share for a time. to all subscribers and $28,000 was raised. Another offering is being done currently at $30...

The problem is that there ARE shareholders.

Is the offense a civil matter? That has been the response I have been given. I don't know that illicit would be something I would consider to be happening. Criminal? Well, using money for personal expenses that has been given to the company for company matters would be in my definition...

The founder of a new Missouri Corp that has issued and sold stock has been using company funds for personal uses (i.e gas, vehicle expenses, meals, groceries, personal utilities, credit card payments, Child support, Netflix, etc). The company was just started last year. Due to getting started...