Use this form to send your complaint to the SEC. If you have a corporation in California you're required to issue shares of stock - we break down what that means and what you need to do.The following frequently asked questions provide information about the Trade Reporting and Compliance Engine (TRACE). That seemingly endless flow of money has started to dry up as state tax collections have fallen below expectations for four months in a row. Get Market Updates and insights from experts at Edward Jones covering last week's performance. The California budget went from a record surplus to a deficit in one year. Why did that happen? A limited liability company (LLC) cannot issue stock. These companies are made up of members, not shareholders, which has tax implications as well. When thinking about how stocks are taxed, capital gains come to the minds of many.