Difference between revisions of "Founder Shareholders"
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| − | Founder Shareholders are the people (or organisations) that found the Company or Co-operative, specified on the incorporation documents. They are issued with [[Founder Shares]]. No additional [[Founder Shares]] can be issued after incorporation. Founders hold their shares until they choose to cancel them, die or become bankrupt/insolvent. | + | Founder Shareholders are the people (or organisations) that found the Company or Co-operative, specified on the incorporation documents. They are issued with [[Founder Shares]]. No additional [[Founder Shares]] can be issued after incorporation. Founders hold their shares until they choose to cancel them, they die or become bankrupt/insolvent. This is different from a Founder Member who is one of the people (organisations) that founds an association (with no shareholders, only members). |
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Latest revision as of 11:10, 29 January 2019
Founder Shareholders are the people (or organisations) that found the Company or Co-operative, specified on the incorporation documents. They are issued with Founder Shares. No additional Founder Shares can be issued after incorporation. Founders hold their shares until they choose to cancel them, they die or become bankrupt/insolvent. This is different from a Founder Member who is one of the people (organisations) that founds an association (with no shareholders, only members).
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