Preparation

As Lee worked for his Dad he started to recognize who was rich and who wasn't as rich.

His Dad also introduced him as an employee of the company which bothered Lee greatly because he did not want to be known as an employee but as someone who knew about Stocks who could teach others about trading as well.

On his 13th birthday Lee's Dad invited him to a business deal where his father was purchasing wares from a man to put in his shop. Lee's Dad also introduced Lee as a silent partner in the business.

Lee saw an opportunity to be able to sell shares but knew that buying wares with shares of the company was not a bright idea.

As if the person who the Dad was buying from could sense that Lee had something else on his mind and asked to speak with him one on one since he knew that Lee was still young.

Lee told the man I would like to talk to you about becoming a silent partner in your business at a later date but for now I need to have my Dad and my lawyer speak with me about this. Lee then stepped out of the tent to think a while.

As he did so he saw someone he recognized as a regular at his Dad's shop which bought a certain type of jar. he decided to go and talk with the man.

The man was a little bit better off than some of the regulars and Lee knew this.

He decided to ask what the jars were for. the man said pickling so Lee decided to ask him if he sold the pickles he made. The man said that he hadn't thought about that before.

Lee said that he would talk to his Dad about getting him a deal if he started to let the business sell the pickles.

Lee told him to talk to his father about it as well the next time he was in the shop.

Lee also dropped a few hints between now and then.

One day a very well dressed man walked by the shop and Lee decided it was time to try to sell some of the shares of stock.

He got the man's attention and talked to him about his plans for the business. Lee didn't quite know how to ask the man about investing in the business but finally asked the man what he thought about the plans.

The man said his interest was peaked but to get back to him once the business was a full on corporation and maybe he would buy into the business.

The man told him not to give up and to try to sell his first share of the business.

Lee finished up the conversation with the man and walked into the store.

Lee's Dad had seen the two talking and asked him about it.

Lee told him the full story and talked to his dad about forming the corporation which was in the plan.

What neither Lee or his Dad knew was that the man was one of the King's aides.

His dad said ok and said that he would pull in someone to work part time so that they could have the time to get to the lawyer and draft up the paperwork for the corporation.

For the time being the dad would be established as the president of the board of directors and Lee would be established as the Secretary.

At the same time that was going on they also sat down with the lawyer and set up the layout of what would become the stock representing the company.

The front had a space for the name of the person as well as the name of the company on it. It also had a place for the official company seal on it located at the bottom center of the stock if this seal was torn off the stock that the seal was on was forfeit and had to be returned to the company as soon as possible. The person who tore the seal off would not be recompensed for the stock.

The back had a place for the seller of the stock and the buyer of the stock to sign with a place for the address of the buyer. it also had a space for the agreed upon price of the stock underneath the buyer and seller signatures.

Once the buyer and seller signed the back and wrote down the agreed upon price the seller would send in the stock certificate for a new one to be issued to the buyer.

the price had to be written down on the back so that the corporation could figure out price per stock

The back also had the fine print on it about what would happen if the seal was torn off of the stock certificate this was in place so that people would not try to rip off the company and try to sell the stock certificate to someone under false pretense.

There was also some fine print defining what would happen to the seller of the stock if they did intentionally rip the seal off and reapply a seal with the wrong information on it.

The price per stock information will be explained later on.

Once the corporation was set up and the paperwork ready to be sent to the King to be approved the dad sent off for a wax seal to be commissioned as well with a little bit of the information waiting for approval from the King.

The King sent one of his counsel members to meet with the Dad and Lee to confirm the information with a seal from the King himself.

Once the meeting took place and everything was confirmed to be correct the seal of the king was applied to the what would be come known as the articles of incorporation.

The King had casually mentioned it one day to the aide that he had sent out earlier that month that this was the first time something like this had come across for him to approve.

The aide informed him that he knew one of the people mentioned in the documentation and that he would be purchasing a portion of the business in form of stock thus the reason the King acted so quickly on the matter.