The company is private and registered in Quebec. I would like to sell low-value shares internationally. To make small investments feasible, we'd like to not have to print out physical certificates and mail them. Could we act as our own transfer-agent and say that our shares are "book entry shares" ? In the ideal scenario, we wouldn't have to send a physical certificate, and what we'd send electronically would serve simply as a receipt.
2007-10-19 05:24:53 · 3 answers · asked by Startup Inc. 1 in Business & Finance ➔ Investing
As much as I understood, a private company is not one owned by a single person, but one that is not publicly traded. The hypothetical situation I'm asking about involves private offers over the web.
2007-10-20 08:52:36 · update #1
I am confused by your terminology. You say that you are a privately held company, which, by definition, means that you own the whole company and there are no shares. In order to have shares to sell you would need to convert to a publicly held company.
You can not sell "internationally". The transactions would take place in some country and you would have to register and comply with the laws of that country's regulator. If you want to sell in many countries, you would need to comply with each country's rules, one country at a time. In the US, the SEC does allow companies to do away with paper certificates. In Britain, I don't know if the FSA does or not. Each country may require a local registrar and transfer agent, or not. So you may or may not do this yourself, depending on the country.
2007-10-19 06:13:23 · answer #1 · answered by Ted 7 · 0⤊ 0⤋
tell the administrators of the corporate that they have a fiduciary accountability to checklist substantial shareholders with companies living house and failure to realize this is probably fraudulent. Ask them to replace the as quickly as a year return if it skill that a lot to you and in the event that they don't you could constantly threaten to touch companies living house or get a criminal professional in touch (regardless of the actuality that which will possibly be counter-effective and not very neighbourly).
2016-11-08 22:31:03 · answer #2 · answered by ? 4 · 0⤊ 0⤋
No.
2007-10-19 20:13:11 · answer #3 · answered by Anonymous · 0⤊ 1⤋