Michael Keller over at Game Designer Wannabe has formed his own publishing company and apparently issued stock certificates. Pretty awesome. I've got my LLC in place and registered with the state, which was not cheap, and the city now wants me to buy a privilege license, which will be another chunk of money.
As for the ownership of the company, I haven't felt the need to issue stock, since I don't have any other investors or owners, but I guess I might get there someday. It would be fun, anyway, but probably not worth the legal hassle at this point.
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