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?


Asked on 5/28/07, 3:59 pm

2 Answers from Attorneys

Scott R. Jay Law Offices of Scott R. Jay

Re: stock transfer

NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.

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.

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Answered on 5/28/07, 9:35 pm
Johm Smith tom's

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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Answered on 5/28/07, 5:52 pm


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