Chapter 3: New beginning
Lee Coyt Cox was born to a family that was not noble but not poor either.
He was taught about business from his dad from an early age.
He also knew about some of the things people did to make a living outside of business.
One day when he was 8 years old he was asked what he wanted to do when he grew up.
That same night he had a dream of his former life as a non professional stock Trader and decided to figure out how he could do the same thing in his current life and actually own portions of businesses while doing so.
He started by asking his dad how he could own a portion of the business and be a silent partner in the business. He also asked a lawyer how he could go about becoming a silent partner in any business and be able to sell portions of ownership in the business to someone else.
The lawyer was able to look into it and draw up a contract to be able to do just that but because the law wasn't quite written governing the sale of shares of a business there was a bit of leeway.
The lawyer also informed Lee that since there were no laws yet concerning the sale of smaller portions of business ownership to stride carefully in the endeavors he would undertake concerning this matter.
Lee (his parents called him Coyt but he liked to be called by his first name) also asked if there was a certain age to be able to own a business outright.
The lawyer advised him that the age to be able to do so was 13.
Lee decided to write down the dream and form a plan to be able to buy into a business at the age of 13 so that he would not get in trouble with the law over this.
He had 5 years to form the plan so he took what he remembered through the dream of his past life and some of the laws that governed the buying and selling of stock and stock options and apply them to his plan.
The plan looked something like this:
1. Approach the business owner about purchasing a portion of the business.
2. Draw up a contract that included: I (owners name) give permission to Lee Coyt Cox to sell small portions of ownership to others in an effort to raise money for the company.
3. Purchase into the business as a silent partner and sign the contract.
4. Sell slips of paper that stated: This is a stock representing a portion of ownership in (companies name) and is transferable to other parties. the paper would be certified by the government with a seal containing the name of the company and the month and year the company became a corporate entity with Lee as the secretary and the owner as the owner of the company.
5. Set up a board representing the company with input from the owner about who would be best as the board of directors so that Lee's name and the owner's name could be removed from the stock certificate as it would become known as.
6. Set up a way of being able to issue stock options to anyone who bought more than 100 shares of a company who wanted a form of insurance that they wouldn't have to worry if the stock fell below or rose above a certain price. these would be referred to as a Put and Call options. the Put option would require the seller of the option to purchase the stock at a certain price if the stock fell below that price thus being in the money and require the buyer of the option to sell the stock to the seller of the Put option.
7. Come up with a way to sell Call options that states that the seller of the option would be required to sell the underlying stock that he owned to the purchaser of the option if the stock rose above the set price and the option expired in the money.
Both forms of options and the stock itself would be on paper until a form of technology would become available to record Stock price, option price and amount sold in a transaction.
Each time the stock would change hands the seller would have to report the sell to the company with name, address and amount of stock on the ticket. This way the company could keep track of all of the owner's of the stock at any given time. Lee would also report every single stock sold by him on behalf of the company to the company so they would know how many shares was out there in total. Lee would also put the money raised by selling stocks back into the company. Lee's portion of the stock would only be 10% and the other amount of stock would be sold to raise funds for the company. Lee is the only one that could do this until after the board representing the corporation was formed. From then on all sells of stock would be issued by the board of directors to raise money for the company.
Lee first visualized doing this so that his dad could grow his business from 1 store with a handful of people working for him to a company with well over 5000 people working for the company.
He drew up the plan in less than a year and gave it to his Dad at the age of 12.
He gave his Dad a year to think about it.
His Dad accepted the proposition and offered a counter offer which no one else was to know about until Lee was 13. They signed it in front of a lawyer to make it binding.
From that day forward Lee worked for his dad in exchange for 25% of the company as a silent partner.
Once Lee hit 13 he could sell stock certificates in the company.
CREATORS' THOUGHTS 
Coyt_Anderson
Coyt_Anderson This is a work of realistic fiction. This is not legal advice. Please see a lawyer before actually doing anything in this book. Stock trading is not for everyone but I do encourage you to get educated before trading to cut down potential losses.
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