Is it possible to just own the company without legally issuing myself stock/shares?
You'll need to sign in or create an account to connect with an expert.
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.
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.
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)?
Just issue yourself 100 shares for income tax purposes ... you can always "print" them out later if needed.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
babysuki123
New Member
bou10404
Level 3
gypsydan
Returning Member
sfitz202025
Level 1
laddielg
New Member