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Limited Power of Attorney for Stock Transactions and Corporate Powers Texas Form

Limited Power of Attorney for Stock Transactions and Corporate Powers Texas Form

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I often get clients that come in that are selling their business to someone and they're asked okay well who owns the company and their usual response is well I own the whole company or my wife and I own the company okay well the attorney's involved in the deal are going to say prove it like how can you show what you own in this company so how exactly does one show ownership in an LLC or a corporation so the old school way was to physically print out if you can see that it's a stock certificate so to have the name of the company the name of the shareholder number of shares when it was issued it would be signed by someone at the company and you would hold on to this as your proof of ownership of that company when you go to sell it on the back there is a form called a stock power you'd basically fill that out and sign saying I'm transferring under selling it to somebody else um and here's a sample of one I blacked out the name but filled in

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