Ask a Business Lawyer. Get Business Law Questions Answered ASAP.
Hi and thanks for asking your question. My name is ***** ***** I will be assisting you. I am a Florida licensed attorney. There are a few ways to accomplish this transaction. The easiest way is to simply sign over a stock certificate representing 500 shares. Blank stock shares come within corporate kits that one would generally purchase when forming the corporation. If you don't have a corporate kit, you can order one for less than $100 online. The kit will come with custom pre-printed blank stock shares with the name of your company. Each share can be endorsed to another party. There is also a stock ledger within the corporate book to keep track of ownership interests.
If you give or sell half the company to another party, you now have a shareholder with an equal interest in your corporation. You might consider two more documents. One would be a stock purchase agreement, which details the the terms of the transaction. The other would be a shareholder agreement, which defines the terms of your relationship with your new "partner." You can find sample stock purchase agreements and shareholder agreements by doing an Internet search.