One of the most important templates included in a Corporate Kit is the stock transfer ledger. With this corporate stock ledger, you can keep records of your company's stock transfers.
Typically, people hand a stock certificate to a shareholder and then document the exchange in the company's stock transfer ledger, which is utilized to properly record the transfer.
Without this ledger, it may be hard to keep track of the company’s shares and the ownership of the shareholders. The following list outlines the information you should include when you make stock transfers.
The line items on the stock transfer ledger often include:
The stock transfer ledger is often used when shares are sold, transferred, surrendered or lost. Keep in mind that each certificate can be issued for more than one share of stock.
The stock transfer ledger, as well as the corporate seal and most of the company's other important documents, are often held by the corporation's secretary. This is to ensure the safekeeping of the ledger, which holds important ownership information for the company.
Feel free to contact us at any time to obtain more stock certificates.
We will ask what number certificate you would like us to start with for the new order, as each stock certificate is individually numbered. We can also provide you with a full Corporate Kit, corporate seal or customizable templates at any time. Just call 800--345-CORP.
THE AUTHOR OF THIS BLOG ARTICLE IS NOT A LAWYER AND HARVARD BUSINESS SERVICES, INC. IS NOT A LAW FIRM. THE ARTICLE ABOVE IS NOT INTENDED AS LEGAL ADVICE AND SHOULD NOT BE TAKEN AS LEGAL ADVICE. THIS SHORT ARTICLE IS STRICTLY TO MENTION SOME ASPECTS OF DELAWARE’S CORPORATION LAWS AND/OR LAWS RELATING TO OTHER FORMS OF ENTITIES WHICH YOU MAY NOT BE FAMILIAR WITH. WE RECOMMEND THAT YOU CONSULT WITH A LAWYER BEFORE FORMULATING A STRATEGY WHICH WILL BE SUITABLE FOR YOUR SPECIFIC CASE.
There are 3 comments left for Everything You Need to Know About Stock TransfersTeri Kinsella said: Wednesday, July 11, 2018
How long does it take for the State of Delaware to issue stock certificates once they are requested?HBS Staff replied: Wednesday, July 11, 2018
The state of Delaware does not issue stock certificates but they are included in our Standard Package https://www.delawareinc.com/ourservices/standard-package-domestic/.
For more information, feel free to call us at 1-800-645-2677 during regular business hours Monday - Friday EST.Juan Marcos Tripolone said: Tuesday, March 20, 2018
Do we have to pay taxes for stock transfers for Delaware General C Corporations? How much? What do we have to fill in the "Value of stock transfer tax stamp affixed" field? Where do I get the stamp affixed?HBS Staff replied: Friday, March 23, 2018
We're sorry, but these questions are best answered by your tax advisor or CPA.Greg Garner said: Tuesday, January 30, 2018
For a Delaware Corporation, can the Corporate Stock Ledger be used instead of the stock transfer agents records when conducting a shareholder vote?HBS Staff replied: Tuesday, January 30, 2018
It is up to you and your Board of Directors if you want to use an alternative form of record keeping. Just be sure all are in agreement.