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Date:   15 April 2002
From:   Anthony

I currently hold private stock in a company that most likely will not go public. I am looking to sell those shares. What are my options?

Thanks,

Anthony

Answer

Date:   08 May 2002

Hello Anthony,

You might need to consult with an attorney familiar with corporate law. As I understand it, you may make a private sale of the stock to another shareholder or to the company. Be sure to study your stock certificates for any transfer restrictions that may apply.

Good luck!

Mike Gray

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IRS Circular 230 Disclosure: As required by U.S. Treasury Regulations, you are hereby advised that any written tax advice contained in this answer was not written or intended to be used (and cannot be used) by any taxpayer for the purpose of avoiding penalties that may be imposed under the U.S. Internal Revenue Code.