Q: What documents need to be signed when adding a new Shareholder into a S corporation in New Jersey?
For Example, Currently:
Shareholder 1 owns 51% - President
Shareholder 2 owners 49% - Vice President
The New breakdown will be
Shareholder 1 owns 51% - President
Shareholder 2 owns 24.5% - Vice President
Shareholder 3 owns - 24.5% - Treasurer
We re signing a shareholder agreement. What else needs to be signed?
A: The corporate record book should be updated and kept current showing shareholders' interest, number of share held, transfer information, purchases, and dates of such activity.
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