Stock Sale
Description
Throughout a business’s existence, various events will occur. Notably, it is possible that, along the way, shareholders may wish to sell their shares, either to their co-shareholders or to new buyers. In all instances, it is wise to involve your notary in drafting all the documentation required for a stock sale. The notary will prepare a stock sale document adapted to your situation.
The required resolutions will support the stock sale agreement, and the notary will be able to make any needed modifications to the company’s book and Quebec’s Enterprise Register.
True or false?
The same liabilities or obligations apply to sellers and buyers in a stock sale as in a business sale.
Answer: False. Legally, several aspects differentiate a stock sale from a business sale. Notably, by purchasing a corporation’s shares, a buyer buys the corporation’s entire past.
Answer: False. Legally, several aspects differentiate a stock sale from a business sale. Notably, by purchasing a corporation’s shares, a buyer buys the corporation’s entire past.
