Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
Change Ownership Of Shares In Michigan
State:
Multi-State
Control #:
US-0034-CR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
You can transfer shares between shareholders online. You must have registered for online access and use your account details to log in.
How to Transfer Ownership of a Corporation Consult your Articles of Incorporation and corporate bylaws. Contact the board of directors or shareholders. Find a buyer. Transfer ownership of stock. Inform the Secretary of State.
Once you have decided to transfer the shares, you will have to fill out a Stock Transfer Form in order to legally transfer the shares. At this point in time, there is no need to inform Companies House, this will be done during your next Confirmation Statement.
Contact your broker to get the appropriate forms to complete. The process will be simpler if the new owner also has or will have an account with the same broker, because no change in the actual registration of the shares will be necessary. The broker will simply make the transfer on its own internal books.
Sign and date your deed Sign and date the quitclaim deed in a notary's presence, then file it with the county Register of Deeds Office in the property's county, not the county where you live. Once the deed is filed and recorded, the transfer is deemed legal.
Contact your broker to get the appropriate forms to complete. The process will be simpler if the new owner also has or will have an account with the same broker, because no change in the actual registration of the shares will be necessary. The broker will simply make the transfer on its own internal books.
Your ownership transfer will need to be approved either by your board of directors or your shareholders, depending on the laws of your state and your own corporate policies. You should also hire an attorney and/or an accountant to advise you on the legal and tax implications of this transfer of ownership.