Ownership Certificates
Corporations, limited liability companies (LLCs), limited partnerships (LPs) and limited liability partnerships (LLPs) designate ownership in the companies by providing shares of stock, membership interest or partnership interest respectively. These entities issue certificates to the shareholders, members or partners in order to provide proof of ownership. For corporations, these are certificates are called stock certificates. For LLCs, they are called membership certificates, and for LPs and LLPs, these are called partnership certificates, since ownership is designated in partnership interest.
BizFilings' Stock, Membership and Partnership Certificates are full-sized, numbered certificates that are customized with your company’s name. Stock, Membership and Partnership Certificates are included with BizFilings Corporate, LLC and Partnership Kits, but can be purchased separately, if desired.
Pricing
The cost for Stock, Partnership or Membership certificates is $1 each, and there is a minimum purchase of 20 certificates.
Frequently Asked Questions
Q. What are Stock, Membership or Partnership certificates?
A. Stock Certificates (corporations), Membership Certificates (LLCs) and Partnership Certificates (LPs and LLPs) are issued to the shareholders (corporations), members (LLCs) or partners (LP and LLPs) to formally document their ownership of the company.
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Q. Can I order additional Stock, Membership or Partnership certificates beyond what comes in the kit?
A. Twenty certificates are included in our Corporate, LLC, LP and LLP kits. Additional certificates can be purchased separately if desired. There is a minimum purchase of 20 certificates.
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Q. Do I need ownership certificates if I do not offer ownership to the public?
A. Yes, corporations, limited liability companies (LLCs), limited partnerships (LPs) and limited liability partnerships (LLPs) all have owners and that ownership must be properly documented, even if ownership is not offered to the public. Issuing shares is a required formality for all corporations. Even if you are the only shareholder, the corporation should issue your shares to you by providing you with a stock certificate that outlines the number of shares of stock you own, and should record this in the company’s stock transfer ledger. While LLCs, LPs and LLPs are not required to follow such steps, it is still recommended to issue and properly document issuance of Membership or Partnership Certificates.
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Q. Can I issue multiple shares on one certificate?
A.Yes, it is acceptable to issue multiple shares stock, membership interest or partnership interest on one certificate. You do not need a separate certificate for each share.
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Q. What do I do with my certificates once I receive them?
A. You should issue the certificates to the owner or owners of your company at the initial meeting of directors (corporations), members/managers (LLCs) or partners (LPs or LLPs) that is held immediately after the formation of your company is complete. You should record the shares and certificates issued in the transfer ledger, which is also included in BizFilings' Corporate, LLC, LP and LLP kits. Keep unused certificates in your corporate, LLC or partnership kit for use at a later date, for example, if you add additional owners to your company, or if a current owner changes his or her ownership percentage.
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