Legal Question in Business Law in Florida
stock transfer
I want my name off the business that my husband and I own. It is a s-corp. What is the best form or way of going about this. Do we do a transfer of stock, or do I need to ''sell'' it to him?
2 Answers from Attorneys
Re: stock transfer
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You will need to transfer over whatever stock interest you have to your husband. In addition, your husband should file the appropriate documents with the Florida Secretary of State, Division of Corporations, removing your name as a corporate officer.
This can be accomplished for free when filing the annual report or by paying a filing fee in the middle of any year.
Scott R. Jay, Esq.
Re: stock transfer
We would need to know more about your company, such as the value of the stock, how it was acquired, etc. Feel free to contact us on this if you want our legal opinion on your best option.
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