Hello. I will respond to your question.
With a closely held corporation (only a few stockholders), 100 shares is typically more than sufficient. The percentage of ownership is the important factor. A large number of shares is only necessary if there are a large number of stockholders or investors with rights to acquire shares in the future.
At any time, a stockholder (in this case your wife) may transfer all or any portion of her shares of stock. She could transfer to you 100% of her shares, 50% of her shares, 51%, etc. The transfer can be in consideration for $1.00.
With a corporation, there are stockholders, officers, and directors. A "founder" is not a corporate term. A founder of a business is typically the person who originated the company.
Until such time as you become a stockholder, you can still serve as an officer and/or director of the company.
If and when there should come a time at which you need investors to whom equity (i.e. stock) will be issued in exchange for capital, you would deal with authorizing additional shares if needed at that time.
I hope that the foregoing information is useful. Do you need any clarification?
One other thing - at such time as you receive shares from your wife or the corporation, you should consult with a tax advisor before the transaction is consummated to determine the tax impact upon you and your wife.
Please remember to provide a positive rating for my response so that I will be compensated for my time. Best of luck with your corporate matter.
It occurred to me that you did not mention how many shares of stock have been issued to your wife (you indicated that there are 100 shares authorized, but did not mention how many have been issued to your wife). If less than the entire 100 shares were issued to your wife, Another option for you when the time comes would be for the corporation to issue shares to you, rather than your wife transferring her shares to you, if you are to both own stock.
It all depends on whether you want to be the sole stockholder in lieu of your wife, or co-owners.
You are welcome.
The first step is for the corporation (not your wife) to issue shares of stock to those who will be stockholders of the corporation. If your intention is that your wife be the sole stockholder initially, then shares would be issued only to her. If it is your intention that you and your wife both be stockholders with 44% to your wife and 56% to you, then the corporation could issue 40,000 shares to your wife and 50,000 shares to you (or 40 shares and 50 shares, or 400 shares and 500 shares).
You can be a stockholder at this time, and yet not be an employee, officer or director until a later date.
If additional shares are needed in the future, articles of amendment can be filed with the State authorizing the issuance of a greater number of shares.
I hope that clarifies your your additional questions.
Please remember that you must leave a positive rating for my response or else I will not be compensated for my time.
Thank you again.
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