Legal Question in Business Law in Florida
Corporate Shareholder
Can a corporation purchase shares of a newly formed corporation or does it have to be an individual. In other words, a corporation wishes to set up another corporation with two other individuals. Is this possible?
3 Answers from Attorneys
Re: Corporate Shareholder
Yes. I suggest you consult with an attorney before filing the legal documents.
Re: Corporate Shareholder
As my colleagues stated correctly, the short (and general) answer to your question is: Yes.
Please note, however, that there are circumstances in which a corporation is NOT allowed to own stock in another corporation.
You should consult with a business attorney and/or your tax advisor/accountant for more details.
Best regards,
Peter Papagianakis
Licensed in FL and NY
(917) 478-0570
Re: Corporate Shareholder
yes.
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