What is the name of your state? South Carolina
I have just formed an S-Corp and filed form 2553 showing me as 100%. I am now going to need to raise capital from family members and want to do so through stock issuance that I will buy back ASAP. I have looked on the Secretary of State website not to find anything very helpful. Can someone give me advice on what steps I need to take. Do I need to file anything with the state, or do I just need to issue stock certificates to my family members? My main goal is to make sure that everything is documented, so in the event that I was not able to repay, they would be able to take the tax deduction.
Any and all advice is greatly appreciated.
I have just formed an S-Corp and filed form 2553 showing me as 100%. I am now going to need to raise capital from family members and want to do so through stock issuance that I will buy back ASAP. I have looked on the Secretary of State website not to find anything very helpful. Can someone give me advice on what steps I need to take. Do I need to file anything with the state, or do I just need to issue stock certificates to my family members? My main goal is to make sure that everything is documented, so in the event that I was not able to repay, they would be able to take the tax deduction.
Any and all advice is greatly appreciated.