1244 Stock Approval by Board

How To Use

This review list is provided to inform you about this document in question and assist you in its preparation. This document allows the investors to write their stock off as an ordinary expense, and not under capital gains, should the deal go down and become worthless. It has no downside. Do it.

  • Make multiple copies. Keep them in the corporate records and make them available, as needed, to the shareholders.
  • Minutes of Special Meeting of Board of Directors to Adopt Stock Ownership Plan Under Section 1244 of the Internal Revenue Code