Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 10-19-2007, 11:29 PM
Junior Member
 
Join Date: Oct 2007
Posts: 1
Question Startup Stock Issuance

I've incorporated in Oregon.
I was the incorporator, and I simply held an organizational meeting and issued shares to myself. Is this legit? Do I have to register these startup stocks in some way? Or is that only necessary for (some)private and public offerings?

Any help would be appreciated!



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 11-04-2007, 11:16 AM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,405
Blog Entries: 3
Formal Registration Requirement for a New Start-up Corporation!

Actually, most small Corporate clients especially closely held corporations generally are not required to register these initial start up shares formally.

If, however, you have formally requested investment from the general public, then I believe that you may fall under 1934-1936 Securities Act and may be required to register your shares.

I would strongly urge you to consult your tax professional to determine your State obligations in this circumstances.

However, based on your situation it appears that there is no formal requirement to register the shares.

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.