Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

This answer was rated:

I am about to buy a corporation that has 100 common shares…

I am about to buy...
I am about to buy a corporation that has 100 common shares of stock issued. Do I need to receive a printed stock certificate that transfers the shares to me or is this no longer necessary?
Show More
Show Less
Ask Your Own Tax Question
Answered in 14 minutes by:
3/16/2018
Carter McBride
Carter McBride, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 1,271
Experience: Adjunct Professor
Verified
Hey! I'm Carter, I'm a CPA and can help you.
You do not need paper stock certificates anymore. The sales agreement is good to cover you for the ownership change. Most corporations don't even print them anymore.
Let me know if you need anything else. If not, please leave a rating. Thanks!
Carter McBride
Carter McBride, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 1,271
Experience: Adjunct Professor
Verified
Carter McBride and 87 other Tax Specialists are ready to help you
Ask your own question now
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a tax professionalLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Carter McBride Your Own Question
Carter McBride
Carter McBride
Carter McBride, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 1,271
1,271 Satisfied Customers
Experience: Adjunct Professor

Carter McBride 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:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

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

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
I am adding a new shareholder into my S Corporation. We will
I am adding a new shareholder into my S Corporation. We will issue them 200 shares to give them 10% ownership of the corporation. Therefore, my ownership will go from 100% to 90%. Is it a taxable transaction if the corporation issues shares to the new shareholder? … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I own a small business (and S-Corp) where the only stockholders
I own a small business (and S-Corp) where the only stockholders are me and my husband. How do we transfer shares to our children? Can we transfer shares to them since they are minors?… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I have bought out my 51% partner in my very very small S corporation
I have bought out my 51% partner in my very very small S corporation for $41,000. This happened on November 23rd and the bank was closed. I am now operating as the sole shareholder but a new sharehold… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I incorporated business in 2010 with 200 millions shares in
I incorporated business in 2010 with 200 millions shares in new york. That number was obviously two high. Now, I wish to reduce it to reasonable number i.e 10 million before I get another partner. It'… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
S corporation has only two shareholders with 300 shares (50%
S corporation has only two shareholders with 300 shares (50% 150 shares: 50% 150 shares). Current stock basis: $5000 per shareholder. Common stock: $200. APIC: $9800.00. These shareholders will sell o… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I am in a 50/50 S-Corp and we needed an influx of cash. My
I am in a 50/50 S-Corp and we needed an influx of cash. My partner had the funds to make the necessary contribution. The property we own is worth $6,400,000.00 and he is putting in $600,000.00 and wan… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Overseas stock transfer to a us corporation. is any tax
overseas stock transfer to a us corporation. is any tax involved? stocks will be transferred without any money involved.… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I own a business and it has debt but also potential and I
I own a business and it has debt but also potential and I got a financial partner. What steps must I take to issue stock certificates? Do I have to issue it at a price or I can choose not to? My partn… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I started a company ABC in Texas- a C Corp. The shares
I started a company ABC in Texas- a C Corp. The shares of ABC are 100% owned by an Indian company. During the filing of ABC, C Corp, the CPA mentioned 100 shares at NO PAR Value in the filing document… read more
Shawn P. Adamo
Shawn P. Adamo
CEO
Bachelor's Degree
18 satisfied customers
Hi, I am looking to add a corporate owner to my S-Corporation
Hi, I am looking to add a corporate owner to my S-Corporation in Illinois. I know I must file an articles of Amendment with the sec of state here. But what about the federal aspect of this change. How… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
If a "c" corporation has 100,000 shares and the owner wants
If a "c" corporation has 100,000 shares and the owner wants to keep 60,000 for himself and offer 40,000 shares to investors with a par value of $25.00, what is the tax liability for the corporation?… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I have a question about Journal Entries for a new C Corp start-up
I have a question about Journal Entries for a new C Corp start-up which involves a section 351 transfer of assets in a tax free exchange. I put $500 and some Software/IP that was being developed into … read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
Why do corporations buy back their own stock? What does it
Why do corporations buy back their own stock? What does it tell you about the corporation? What affect does the purchase have on the price of a company's stock? If so, is this ethical? Explain why.… read more
Dave CPA
Dave CPA
Master's Degree
69 satisfied customers
I donated publicly traded corporate stock to charity. These
I donated publicly traded corporate stock to charity. These were shares held for more than a year and were significantly appreciated. I am in the 15% long term capital gains tax bracket. The charity h… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I work for a start up. I loaned them money for which I received
I work for a start up. I loaned them money for which I received promise for corporate common stock equal in shares to the amount of the loan (i.e. 10,000 shares for $10,000 loan). When is the taxable … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
In an LLC I understand capital contributions of the members
In an LLC I understand capital contributions of the members (like a partnership) with a partnership draw. Money has to be put in the LLC from the individuals in order for it to start with capital. How… read more
socrateaser
socrateaser
1,031 satisfied customers
I have a client who is over the age of 65, with no estate issues.
I have a client who is over the age of 65, with no estate issues. She has an S corp in which she is 100% owner and would like to transfer the shares to her son who is over 24. Would there be a gift ta… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
where to report investment loss in a privately held shares in an INC
I got 10% of share holding in a non-public traded shares allocted by a tiny privately held XYZ Inc. These are not on specially printed share-certificate, but these is standard MS-WORD printed agreemen… read more
Jon Andrews
Jon Andrews
CPA
2,926 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x