Transferring Shares In Delaware

Summary

To transfer shares in a Delaware C-corp between co-founders, review the corporations bylaws and shareholder agreement for any transfer restrictions. Prepare a stock transfer form with details of the transferor and transferee, specifying the number of shares. Both parties must sign the form. Update the corporations stock ledger with the transfer details, including the date and names of the parties involved. Cancel old stock certificates and issue new ones to the transferee with updated information. For specific document preparation or further questions, consider consulting a legal professional.

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- Prepare a stock transfer form. - Record the transfer in the corporation's stock ledger. - Issue new stock certificates if necessary.
Sure, I can provide some guidance on these steps:
*. Prepare a Stock Transfer Form:
- Include details of the transferor (current shareholder) and transferee (new shareholder).
- Specify the number of shares being transferred.
- Both parties must sign the form.
*. Record the Transfer in the Corporation's Stock Ledger:
- Update the stock ledger to reflect the transfer.
- Record the date, names of transferor and transferee, and number of shares transferred.
*. Issue New Stock Certificates:
- Cancel the old stock certificates.
- Issue new certificates to the transferee with updated details.
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