Business Law

Ask a Business Lawyer. Get Business Law Questions Answered ASAP.

Ask a Lawyer,
Get an Answer ASAP!

Business Law

How to fill out a "Stock Transfer Ledger" for a C Corporation

Customer Question
How do you fill out...
How do you fill out a "Stock Transfer Ledger" for a C Corporation? I have the "Original Issue" filled in but not sure how to record transfers. The original issue was 100 shares to one person. The 1st transfer was 75 shares to another person and 25 retained by the 1st "original issue" person.
Submitted: 6 years ago.Category: Business Law
Show More
Show Less
Ask Your Own Business Law Question
Answered in 18 minutes by:
5/9/2011
Business Lawyer: Thomas McJD, Attorney replied 6 years ago
Thomas McJD
Thomas McJD, Attorney
Category: Business Law
Satisfied Customers: 6,516
Experience: Experienced in Corps, LLCs, Partnership, etc.
Verified

There's no way I can tell you how to fill out your ledger because all the ledgers, although quite similar, are different.

It doesn't make much difference how you fill it out as long as it's clear at the end of the process that the original owner now owns 75 shares and the new owner owns 25 shares.

Usually with a ledger, it shows the original issue. Other columns include designations like "shares transferred". That is where you would put 25 shares.

Then you would list the new owner somewhere else on the ledger and show that 25 shares are owned.

You could also make a corporate minute recognizing and approving the transfer of 25 shares from person A to person B, with person A now owning 75 shares and person B owning 25 shares. you could also reference ownership of other shares held by other individuals.

Ask Your Own Business Law Question
Customer reply replied 6 years ago

When I record the certificates surrendered, I guess I don't need to fill in the column

"From Whom Shares were Transferred?" I'm having a real hard time making it clear. I'm not clear on what they mean by "Date became owner?" Is that 'owner' of the shares? They also have a column "Date of transfer" Is that just the same date? Thanks again for any more help you can give me. (=

Business Lawyer: Thomas McJD, Attorney replied 6 years ago

From Whom Shares were Transferred?"

This is filled in for the new owner. The original owner's name, who transferred the shares, goes there.

"Date became owner?"

This is the date the shares were transferred (for the new owner). This is the date of the original issue of stock (for the original owner).

"Date of transfer"

This is the date the original owner transferred 25 shares to the new owner.

Thomas McJD
Thomas McJD, Attorney
Category: Business Law
Satisfied Customers: 6,516
Experience: Experienced in Corps, LLCs, Partnership, etc.
Verified
Thomas McJD and 87 other Business Law Specialists are ready to help you
Ask your own question now
Customer reply replied 6 years ago

The 1st column is "Name of Stockholder." Is that the person "From" whom shares were transferred or "To" whom transferred?

When I record "Certificates Surrendered" there are two columns under that........

"Nos." Is that just the number of the certificate? Why do they have the 's'?

and "No. of shares" Is that just the number of shares on that particular certificate or the number of shares being transferred?

Business Lawyer: Thomas McJD, Attorney replied 6 years ago

The 1st column is "Name of Stockholder." Is that the person "From" whom shares were transfered or "To" whom transfered?

That is the owner. In the row that sets forth the original issue and then transfer of 25 shares, this is where the original owner's name goes.

In the row where you set forth the transferred shares to the new owner, the new owner's name goes here.

When I record "Certificates Surrendered" there are two columns under that........

"Nos." Is that just the number of the certificate? Why do they have the 's'?

Yes that is the certificate number. they have numbers for tracking purposes.

and "No. of shares" Is that just the number of shares on that particular certificate or the number of shares being transfered?

It's the number of shares for that certificate.

Ask Your Own Business Law Question
Ask Thomas McJD Your Own Question
Thomas McJD
Thomas McJD
Thomas McJD, Attorney
Category: Business Law
Satisfied Customers: 6,516
6,516 Satisfied Customers
Experience: Experienced in Corps, LLCs, Partnership, etc.

Thomas McJD is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

< Previous | Next >

Meet the Experts:

Infolawyer

Infolawyer

Attorney

1,823 satisfied customers

Experienced lawyer

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

1,611 satisfied customers

Run my own successful business/contract law practice.

MShore Law

MShore Law

Attorney

1,233 satisfied customers

Drafted Negotiated and/or Reviewed Thousands of Commercial Agreements

RGMacEsq

RGMacEsq

Attorney

750 satisfied customers

Licensed Texas General Practice Attorney

Barrister

Barrister

Attorney

643 satisfied customers

17 years practicing attorney, JD, BA, MBA

Ely

Ely

Attorney

573 satisfied customers

Counselor at Law.

J.Hazelbaker

J.Hazelbaker

Attorney

393 satisfied customers

Experienced and trained in the area of business law.

< Previous | Next >

Related Business Law Questions
I have a C corporation the hold 7 apartments, me and my
I have a C corporation the hold 7 apartments, me and my partner want to open a new entity and transfer over half of the appartments so he can eventually stay with 3 and my 4. what would be the correct… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
6,417 satisfied customers
Is a US C corporation owned by a foreigner treated as a
Is a US C corporation owned by a foreigner treated as a foreign person when the corporation sells real property in the US?… read more
Law Educator, Esq.
Law Educator, Esq.
Attorney At Law
Doctoral Degree
244 satisfied customers
California, privately held C Corporation, I own 100 shares,
California, privately held C Corporation, I own 100 shares, 100% ownership, of corporation and would like to issue 100 shares to my son, thus creating 50/50 ownership. What is the process (easiest) to… read more
Richard
Richard
Owner
Doctoral Degree
4,336 satisfied customers
Converting my llc business to a c corporation and looking
Converting my llc business to a c corporation and looking for a lawyer to sign the paperwork … read more
Richard - Bizlaw
Richard - Bizlaw
Juris Doctor
3,690 satisfied customers
I have C-Corporation company in California,USA. Currently my
Hi AllI have C-Corporation company in California,USA. Currently my business is software consultancy only. But going forward, I would like to perform business in selling few products (via dropshipping … read more
Ray
Ray
Lawyer
Doctoral Degree
30,513 satisfied customers
My friend has an existing C corporation in interior design.
My friend has an existing C corporation in interior design. Last year we decided to join forces we both took on an executive role in the corporation, hired a paycheck company and got to work. She agre… read more
Roy Hadavi
Roy Hadavi
Attorney
Juris Doctorate
944 satisfied customers
IS A "C" CORPORATION REQUIRED TO HAVE AN OPERATING AGREEMENT
IS A "C" CORPORATION REQUIRED TO HAVE AN OPERATING AGREEMENT WITH ITS SHAREHOLDERS OR OFFICERS?… read more
Richard
Richard
Owner
Doctoral Degree
4,336 satisfied customers
When I register a C corporation in CA, am I required to use
When I register a C corporation in CA, am I required to use my legal name or may I use a different name other than my legal name? Thanks.… read more
Infolawyer
Infolawyer
Attorney
Doctoral Degree
1,823 satisfied customers
In CA, the State of Secretary requires business physical
In CA, the State of Secretary requires business physical address (in addition to mailing address and process of services address) to register a C corporation. If the C corporation can only afford the … read more
Richard - Bizlaw
Richard - Bizlaw
Juris Doctor
3,690 satisfied customers
I'm trying to figure out which of the following two options
I'm trying to figure out which of the following two options is easier from legal perspective, and what are their pros and cons? 1) Create a trust, and then let the trust to own a CA C corporation. 2) … read more
Infolawyer
Infolawyer
Attorney
Doctoral Degree
1,823 satisfied customers
I have a C corporation in Memphis Tennessee. A part of my
I have a C corporation in Memphis Tennessee. A part of my business model is to acquire wrecked, damaged and older classic cars, restore and resell these cars. I am a legal business but do not wish to … read more
Michael Bradley
Michael Bradley
JD
1,138 satisfied customers
When registering a C corporation in CA, if I don't like to
When registering a C corporation in CA, if I don't like to use my legal name anywhere on the documents, what options I have. Thank you.… read more
Phillips Esq.
Phillips Esq.
Attorney
Juris Doctor
43 satisfied customers
I plan to register a C corporation in CA. I think the State
I plan to register a C corporation in CA. I think the State of Secretary requires Service of Process Address, Entity Address, and Mailing Address. Would it be ok to leave the Entity Address blank? As … read more
Michael Gonzalez
Michael Gonzalez
JD
520 satisfied customers
Can an LLC be a partner in a C Corporation? Will that harm
Can an LLC be a partner in a C Corporation? Will that harm the LLC original status? Any advice?… read more
socrateaser
socrateaser
1,442 satisfied customers
We are a C corporation and we want to transfer the corporate
Hi, We are a C corporation and we want to transfer the corporate stocks to the Company Name from the stock holders. How we do that. … read more
Infolawyer
Infolawyer
Attorney
Doctoral Degree
1,823 satisfied customers
I am starting a new C-Corporation. Can a corporation borrow
I am starting a new C-Corporation. Can a corporation borrow money from 3rd party individuals and if so, are there restrictions on this? … read more
Richard
Richard
Owner
Doctoral Degree
4,336 satisfied customers
Can a c-corporation with a nonresident(non us resident)
can a c-corporation with a nonresident(non us resident) shareholder apply for a nonprofit status with the IRS and the State of CA? we(a catholic group) are trying to form a nonprofit to service needy … read more
Maverick
Maverick
Doctoral Degree
6,133 satisfied customers
I have a C corporation that was formed in the state of
I have a C corporation that was formed in the state of Delaware and I'd like to dissolve it. I'm the sole shareholder and director of the corporation and it's currently in good standing with State Cor… read more
KJL LAW
KJL LAW
Juris Doctorate
1,685 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x