Legal Question in Business Law in Indiana
We incorparated three weeks ago, we want to use our authorization to issue stock to distribute
To owners, To staff and contract employees for incentives, To raise funds and As gifts. Are there
SEC regulations that governs this? Do we have to do anything legal do to this?
2 Answers from Attorneys
As a Franchise Attorney I can tell you the issuance of stock is subject to not only federal, but also state securities regulations. This is not a do-it-yourself type project by any means. Consult with a good business or franchise attorney in your area for specific advice before issuing any stock.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Foundations, a Professional Corporation
As a non-franchise attorney, I agree with Kevin. Consult the attorney who incorporated you.
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