Legal Question in Business Law in California

Re: California corporation stock issuance - deadline/timelimit?

There is no requirement that you physically issue stock. Your shareholder agreement should list the stockholders and what percentages and number of shares are owned by each shareholder. However, many businesses never really issue the stock.

Re: California corporation stock issuance - deadline/timelimit?

See my earlier answer to a similar question not specifying that this is a professional corporation. The same concepts apply. Is this to be a single-shareholder corporation? If so, you can dispense with shareholder agreements. I'd be all the more sure to issue stock eventually, however, because of the increased risk of alter-ego veil piercing with single-owner corporations. Another factor to consider is that if the corporation will elect "S" tax treatment, IRS Form 2553 must be filed within a certain time frame (see the 2553 Instructions) and the shareholders must state the percentage or number of shares owned.