Legal Question in Business Law in Michigan
business
an individual can become an owner of a corportaion by purchasing one share of the corporations stock?
Asked on 12/16/08, 3:29 pm
1 Answer from Attorneys
Lesley Hoenig
Lesley A. Hoenig, Attorney at Law
Re: business
The individual would become an owner of one share of the corporation. Whether that would come even close to a controlling ownership interest would depend on the corporation (ie the number of shares available and required to have a controlling interest).
Answered on 12/23/08, 4:04 am
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