Nick asked in Business & FinanceInvesting · 1 month ago

How to add more shares of private stock?

I have recently started up my small business as an S corp. The lawyer I used gave me 10,000 shares at 10 cents a share, I own 5000. What is the process of adding more shares of stock to the company? Is it just filling out a paper and singing it? I've tried to ask my lawyer this but he avoids the question.

1 Answer

  • Anonymous
    1 month ago

    That's a stock split, and whoever owns the remaining 5000 units of stock will need to receive an equal amount of the newly split stock too. What's the point in doing that right now? You're a private company, and you're not selling stock through the stock exchange, you're just assigning stock based on partnership ownership levels.

    • Nick1 month agoReport

      I have people who are investing but not enough stock to give them for what they are investing. Right now no one owns the other half of stock.

    • Login to reply the answers
Still have questions? Get your answers by asking now.