Securities

Question 1

Securities at Formation of the Corporation

Answer 1

Formation requires the issuance of securities to the owners of the corporation - the shareholders.

Question 2

Equity Securities

Answer 2

Common stock, which can be issued in consideration of any tangible or intangible property or benefit to the corporation.

Question 3

Debt Securities

Answer 3

Secured debt is a bond; unsecured debt a debenture. A debt security is not a form of ownership.