How to issue shares in a company? Fill out the papers -All papers must be neatly printed or typed, double spaced, using black ink, on one side of 8½ x 11 inch paper.The bill of sale template is designed to be simple to fill out and understand. Like all of our forms, this document is intended for individual use. When issuing shares in an S corporation, there cannot be more than one class of stock for S corporations. Yes, you can still be a shareholder of that corporation, if you have good other evidence that shows that you became a shareholder at one point.