Question
Lets say we decided on 10M shares with par value of 0.0001. Further, there is only 1 shareholder at start. Is an EIN required for purchase of the stock or can the shareholder just write a check to the corporation for purchase of shares to be issued to him. ($600 if 6M shares are to be issued). Is a bank account required to be open before the end of the year? Is a cash purchase possible if the bank account/ EIN can not be obtained before a certain deadline?
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