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New Member

Do I have to issue shares for my S Corp when I am the sole owner?

Is it possible to just own the company without legally issuing myself stock/shares?

1 Best answer

Accepted Solutions
bwa
Alumni
Alumni

Do I have to issue shares for my S Corp when I am the sole owner?

So long as you are the sole owner you are the sole shareholder.  It's best to issue the shares to evidence your ownership but if you don't, you are still the sole shareholder.

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3 Replies
bwa
Alumni
Alumni

Do I have to issue shares for my S Corp when I am the sole owner?

So long as you are the sole owner you are the sole shareholder.  It's best to issue the shares to evidence your ownership but if you don't, you are still the sole shareholder.

MSGarrett1
Level 3

Do I have to issue shares for my S Corp when I am the sole owner?

Sorry to resurrect this old post, but a quick follow-up:  as the sole shareholder of an S Corp, if the S Corp did not issue stock, how could the shareholder calculate their S Corp basis, as required on line 28 of Schedule E (1040)?

Critter-3
Level 15

Do I have to issue shares for my S Corp when I am the sole owner?

Just issue yourself 100 shares for income tax purposes ... you can always "print" them out later if needed.  

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