How to transfer shares with no value to my partner?
Question Details:
I am no longer an officer of a corporation that I was involved with. My partner and I have equal shares. The corporation has no assets and no income. I would like to dissolve the corporation but my partner does not. Therefore, since I no longer want to be involved, I want to transfer all my shares to her. What do I need to do?
you should have a stoxck certificate. it has a place to sign and transfer on the back. if not you need a bill of sale which transfers ownership in the shares . you can recite how much was paid(or not) you should also resign as an officer and director.
You should resign as an officer and director. If he will not buy the shares there is little you can do.