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Do I have to issue shares for my S Corp when I am the sole owner?

Forum|Forum|6 years ago
June 7, 2019
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Is it possible to just own the company without legally issuing myself stock/shares?

Best answer by bwa

So long as you are the sole owner you are the sole shareholder. It's best to issue the shares to evidence your ownership but if you don't, you are still the sole shareholder.

B

bwaAnswer

Employee

So long as you are the sole owner you are the sole shareholder. It's best to issue the shares to evidence your ownership but if you don't, you are still the sole shareholder.

MSGarrett1

Sorry to resurrect this old post, but a quick follow-up: as the sole shareholder of an S Corp, if the S Corp did not issue stock, how could the shareholder calculate their S Corp basis, as required on line 28 of Schedule E (1040)?