There are a number of interrelated issues with this. Speaking with both a corporate attorney and your tax advisor is extremely important. The...

Please seek legal and tax counsel on this before trying to document anything. While you can make these transfers, there very well may be tax...

I started an LLC in December of 2019, do I need to file an annual report in 2020?

Yes, you need to file unless you formed the entity with an effective date in 2020.

Are there laws governing what occurs to my shares should a company become private?

More information is definitely needed here. Contact a securities attorney and so they can see the full picture. If the company fully "goes...

What occurs to shareholders after a company decides to cease selling shares on the over-the-counter market (OTC)?

Even if the company is not selling shares, the outstanding stock can continue to trade in most circumstances. More information would be needed to...

Does a C corporation and an LLC both protect me from legal liability?

There are multiple reasons why one would choose one of these entities over the other. These are partially driven by tax issues, but also questions...

You need to engage experienced securities counsel. There are multiple issues that need to be addressed relating to what you want to accomplish. ...

Will I need a private placement memorandum and/or subscription agreement?

Neither of the agreements/documents you reference is the correct documentation, but you absolutely must have proper contracts. As you seem to...

You definitely need to speak with an attorney. There is no exemption (rule) in securities laws that changes the analysis depending on whether you...

Is it legal for a BOD to gift unsold company stock without shareholders knowledge or approval?

There are many facts which impact our ability to give a full answer on this. While a company typically cannot "gift" shares, it is possible for...

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