Stem Inc (STEM)

[Dragon Lady]

LOL NO, "When you own a company there are no share holders. You only have shareholders if you go on a market."

THAT IS 100% INCORRECT. Having "shareholders" or not has ZERO to do with whether or not "if you go on a market"??? What does that even mean? So the supposed MILLIONS of private CORPORATIONS in just the U.S. (let alone the world) supposedly have no shareholders in them, LOL??????? REALLY?????? TOTAL BS.

IF the "company" is "incorporated" (or an LLC and in other places in the world they have similar names/legal entities), which any entity such as Microbot is (my guess would be a simple "corporation" such as a U.S. "S" corp or similar), THEN THEY HAVE FREAKING SHAREHOLDERS. PERIOD.

http://www.nolo.com/legal-encyclopedia/corporations-faq-29122.html

That's a world leading legal publishing site.

Quote:

"Answer:
1. What is a corporation?
What sets the corporation apart from all other types of businesses is that a corporation is an independent legal entity, separate from the people who own, control, and manage it. In other words, corporation and tax laws view the corporation as a legal "person" that can enter into contracts, incur debts, and pay taxes apart from its owners. Other important characteristics also result from the corporation's separate existence: A corporation does not dissolve when its owners (shareholders) change or die, and the owners of a corporation have limited liability -- that is, they are not personally responsible for the corporation's debts."

I can file and setup a corporation or an LLC in literally about 20 minutes or less probably (via almost any state in the U.S. using their secretary of state website). I can make the shareholder(s) (depending on what state it's in) ONE PERSON, ME. Some states require a corporation or LLC to have maybe 2 or 3 or 4 people minimum so that there is a "board" able to hold annual meetings, etc. You can file on-line in most states and it costs maybe a $100 to $800 in most states to file (and usually an annual filing fee each yr to the secretary of state, as long as the corp is in existence, along with a one or two page "annual report" form that must be filed). My local, single physician "doctor's office" is a freaking "corporation" and SHE is at least one of the "shareholders", same for the local quick change oil/lube place for my car which as two "owners" (the shareholders) and maybe 5 or 6 "employees" aka the auto mechanics, I know those two guy's are a "corporation" w/ him and his partner as the "shareholders"; practically ANY PLACE you do business with, that has legal liability and tax implications, is probably "incorporated" (or an LLC in some states, a limited liability corp) at the advice of their public account they use for taxes and/or their attorney if they ever consulted one in setting up their little biz.

For example, I could set-up a Nevada corp in about 20 minutes or less, probably on-line and call it "ME INCORPORATED" and I'd have a 100% legit "company" created with ONE "SHAREHOLDER", aka ME.

https://www.nvsilverflume.gov/startBusiness

There's the link to Nevada. NOTICE, there's a difference between a "sole proprietorship" (aka ONE "OWNER" w/ no "shareholders" and setting up a "corporation" or "LLC" with a BOD and Sr Mgt team LIKE MICROBOT has)- all explained right there. It can be filed and created on-line.

END OF STORY.