Difference between revisions of "Founder Shareholders"
From FairShares Wiki 3.x
m (Rephrased) |
|||
| Line 1: | Line 1: | ||
| − | 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. This is different from | + | 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. This is different from a Founder Member who is one of the people (organisations) that founds an association (with no shareholders, only members). |
Revision as of 18:17, 13 May 2015
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. This is different from a Founder Member who is one of the people (organisations) that founds an association (with no shareholders, only members).
Return to the FairShares Glossary
