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Selling shares in your business

Some common questions about selling shares:

No, ‘proprietary limited’ companies cannot sell shares to the general public. The transfer of shares in a private company is restricted. You can raise money from existing shareholders or employees of the company, or you can fundraise to the public as long as a disclosure document is not required.

The Australian Securities and Investments Commission can provide further information about the regulations around raising money. Due to the complex nature of the law, seeking legal advice is beneficial to ensure that you meet your legal obligations.

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Why Stacks

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Over 25 local offices
Our local offices are owned and operated by friendly, local professionals, who are proud and active members of the communities they serve
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Genuine care for clients has been at the core of our practice since the first office was opened by ER Stack on the NSW Mid-North Coast in 1931
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