Legal Question in Business Law in Florida
Can i advertise and sell shares of a private company? If so is there a limit of how many shareholders i can have
Asked on 11/13/10, 12:24 pm
2 Answers from Attorneys
Leon Ferraez
Ferraez, LLC
Yes you can sell the stock and yes, there may be a limit to the number of shares available to sell. You will need to get with an attorney to properly accomplish the transaction.
Answered on 11/18/10, 1:13 pm
Kevin B. Murphy
Franchise Foundations, APC
As a franchise attorney I can tell you there are various regulations (both federal and state) that regulate the sale of stock. This is not a simple question that can be answered without more facts. Consult with a good business or franchise attorney in your area for specific advice.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Attorney
Franchise Foundations APC
Answered on 11/18/10, 5:53 pm
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