Are shares tangible assets?

Question

I bought half of my business partner’s company for 150k. The contract stipulated that all tangible and intangible assets would be transferred to a new company, of which I am a 50% shareholder. Now that we are dispute, I discovered that none of the shares from the original company were transferred. In this instance, are shares tangible assets and should all of the shares have been transferred as well? There is no record on the share register of any activity at all.

Answer 1

Susan C.

Hi, John...I'm sorry to hear you're having this problem with your business partner. Unfortunately, it happens often. Yes, stocks are tangible assets. Anything that can be sold, turned into cash within a short period of time (sometimes within 24 hours) is considered a tangible asset. I suggest that you find a company/corporate lawyer who can take a look at the specifics of your agreement and make recommendations. Good luck, Susan

Answer 2

To begin with, an investment is a type of asset. Tangible assets such as shares are movable, have monetary value and transactional. If the parties involved have signed a share transfer agreement forms..  In addition, does the party have the corporate original copy of the resolution and by laws authorizing for transfer of shares? The shares must be transferred according to the law of the state.

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