In this lesson, you will learn how to create a share transfer under Share Management in Parsimony.com. Share transfers are necessary when there is a change in ownership of shares. This may occur when a shareholder sells their shares to another party, or when a company issues new shares to existing or new shareholders.
To create a share transfer in Parsimony.com, follow these steps:
- Log in to your Parsimony.com account and navigate to the Share Management section.
- Click on the “Share Transfers” tab.
- Click the “Create Share Transfer” button.
- Select the shares you wish to transfer and the recipient shareholder.
- Enter the details of the transfer, including the transfer date, number of shares, and the consideration paid for the transfer (if any).
- Click the “Save” button to save the share transfer.
Once you have completed these steps, the share transfer will be recorded in your company’s records, and the shareholder register will be updated to reflect the change in ownership of the shares. It is important to ensure that all share transfers are properly documented and recorded, as this information is required for legal and regulatory purposes.