how do we issue more shares in our company? we had 1500 shares to start. Once we expand we’d like to issue more for employee packages.
If you dont know how to do this, you probably shouldn't be issuing shares at all....
How else would i learn? We have not issued shares to anyone.
This should not be a problem. Make sure to use a laser printer.
If you use inkjet though, remember the magenta cartridge is never out. You got at least 3000 shares left when the printer says it’s out of ink.
+1 to printing shares in magenta. Good tip if bootstrapping.
By legally getting a legal lawyer
Talk with your lawyer. There are a lot of ways to do this wrong and get stuck with shareholders that kill the ability of the company to grow further.
You will want to use a lawyer for this. Even clerky.com doesn’t have to capability to issue new shares because they require approval by the Delaware sec of state. Assuming you incorporated as a Delaware c Corp which all startups should these days.
Why? You need to register in the states where you do business anyway. Delaware offers no advantages for a small company based in California, for example.
Tbh I have no clue why this is the case, but the consensus in Silicon Valley is that your startup should be Delaware C Corp. That is what YC advises, clerky and gust are built to do, and all the top startup lawyers in the valley are saying.
Get a lawyer.