Is the issuing of shares required?
- Zambrano Law Customer Service
- Oct 21, 2015
- 1 min read
Is the issuing of shares required?
By definition, a corporation is owned by its shareholders. Though not required, it is a good practice to issue stock as evidence of ownership. Where no shares are issued, no individual owns the corporation. Ownership must appear in the company’s minutes and on its stock transfer records as may be applicable.
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