If you have transferred shares in your company to a new or existing shareholder, you can follow the steps below to update the cap table to reflect this transaction.
Please note that you should work with your company manager or legal counsel to make this share transfer legally effective. Just updating your cap table on Clara is not sufficient.
If you company manager is Clara, please reach out via live chat for further assistance.
1. Click on Shares
On the Equity tab, navigate to the Shares section.
2. Click on the ID
Select the shareholder who will be transferring shares (the "Transferor").
3. Click on Manage
4. Click on Transfer
5. Populate Share Transfer Form
6. Select the stakeholder
Please select the recipient of the shares (the "Transferee"). If the stakeholder is not in the drop down menu you will need to go back and add a new stakeholder first.
7. Select transfer type
Select “full transfer” if all the shares held by the “from stakeholder” are being transfered or “partial transfer” if only some of the shares are being transferred
8. Enter number of shares
Enter the total number of shares that should be transferred
9. Enter price paid per share
This should be agreed with the Transferee. Typically this is the par value of the shares in the company.
10. Attach supporting documents
Attach legal and company documents associated with this transaction.
11. Click on Save
12. Review Transaction
The share transfer will appear in the Transactions section of the Shares page in Draft. It will not appear on the cap table while in Draft.
13. Click on Menu
You can use this menu to Publish, Edit or Delete the transaction.
14. Click on Publish
Once you are ready to proceed with share transfer, select Publish.
15. Confirm you are authorised
Confirm that the details are correct and that you have authority to make changes to the cap table on behalf of the company. Press Cancel if you want to make further changes or do not want to complete the share transfer.
16. Click on Publish
17. Review Cap table
The cap table will auto-update once the share transfer has been published.
