Follow the instructions on the page below to learn how to transfer shares.
Before you get started
Review your corporation's Articles of Incorporation, corporate By-laws and Shareholder Agreement, if any, to ensure that the proposed share transfer is permitted.
There can be complicated tax implications on a shareholder resulting from the transfer of shares.
Tax implications can include capital gains if a shareholder sells their shares for more than the original purchase price or, conversely, capital losses if a shareholder sells their shares for less than the original purchase price.
It is highly recommended that you speak with an accountant prior to transferring shares.
Transfer shares
1. On the sidebar, click Company > Shares > Transfers.
2. Click Transfer Shares. The New Share Transfer window will appear.
3. Enter the number and class of shares to be transferred.
Total amount paid: Once the number and class of shares are identified, a price needs to be set for the total transfer of shares. Keep in mind the total amount paid is different from the price per share. The total amount is the gross aggregate payment for all shares that are being transferred.
Closing date: The date the share transfer transaction will be completed.
Restrictions on who shares can be transferred to: Whenever shares are transferred, they must be done in accordance with laws that restrict who can acquire shares in the company. To learn who shares can be transferred to, review our article on the Private Issuer Exemption here.
4. Click Confirm to confirm the transfer.
When transferring shares on Ownr, there are three documents that are automatically created:
Share Transfer Agreement
Resolution Approving Share Transfer
Notice of Share Transfer
Find these documents on your Dashboard under Company > Documents.
The share register for your corporation will be updated once all the documents have been signed.
Find the share register under Company > Shares > Cap Table.