Can a minor child be a shareholder of an S corporation?

In fact, the provisions contemplate family ownership of stock and specifically allow stock held by multiple family members to be treated as if the shares were held by one shareholder. No mention is made to preclude children as owners.

Can a minority shareholder tag along with a majority shareholder?

If a majority shareholder is selling his shares in the company, the minority shareholder is entitled to “tag along” and sell his/her shares to the same purchaser on the same terms. A shareholders’ agreement can also include a clause in relation to drag along rights.

Can a minor be a member of a company in the UK?

In England and Wales* there is no prohibition on a person under the age of 18 (a minor) becoming a member of a company and holding shares. However, the child can reject or set aside the agreement for the shares while they are still under the age of 18. The best practice, therefore, is to avoid a minor becoming registered as a member of a company.

Can a child have stock in a regular Corporation?

Stock in a regular corporation can be placed in the name of a child, for instance, as a gift. Absent any specific restriction, stock in an S corporation has the same ownership eligibility as a regular corporation.

Can a child hold a share in a company?

Steps can be taken so that the underlying (beneficial) ownership can be transferred to the child but not the legal ownership. A trust can be set up for the benefit of the child. The shares are held by the trustee/s in accordance with the terms of the trust.