I have been searching all over to find information on this and there really hasn't been any clear answers. It is a townhouse development of 200 houses. I would like to add shareholders to pay off investors, but would like to know if that can work. If anyone knows I would be very grateful.
2007-07-16 05:23:25 · 3 answers · asked by criesunjust 2 in Business & Finance ➔ Investing
You can sell stock in your company or business. You need to incorporate the business first. I strongly suggest that you seek the services of a business attorney to advise you in this process.
When you incorporate, you issue stock to shareholders in the corporation. Depending on the makeup of the ownership in your corporation, this task can be time consuming or simple. In most states, the more shares you issue, the higher the charges and yearly filing fees. You can design several different classes of stock which have different voting and preferential rights in a company.
Read this entire article to help you decide.
http://www.learnthat.com/business/learn-126-incorporate_business.htm
2007-07-21 12:44:56 · answer #1 · answered by Let me steer you 7 · 0⤊ 0⤋
I think this is a tricky road. You may want to consult a lawyer in how to go about doing this. You would have to find investors. You would need a legal document.
If you are serious, find a good lawyer. Ask for references.
2007-07-23 12:33:07 · answer #2 · answered by Unsub29 7 · 0⤊ 0⤋
In order to sell 'shares" in a privately held company, you will need the help of an securities type lawyer.
2007-07-16 12:31:30 · answer #3 · answered by Marvinator 7 · 0⤊ 0⤋