"The number of shares which the corporation shall have the authority to issue"?

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"The number of shares which the corporation shall have the authority to issue"?

What do I put here? I am starting a small tax preparation business in Alabama. I will be the sole owner/incoporator/director. Do I put my start up costs and say every dollar is a share? Im confused. Help!!!

2006-09-12 04:57:15 · 2 answers · asked by Anonymous in Business & Finance ➔ Small Business

2 answers

Wow... You are starting a tax prep business and grope for straws when it comes to the concept of authorized stock?

More to the point, the number of shares that a corporation is authorized to issue cannot be less than the number of shares being issued. But it can be more.

2006-09-12 05:17:33 · answer #1 · answered by NC 7 · 0⤊ 0⤋

..............to issue text books so you can do your own homework

2006-09-12 04:59:23 · answer #2 · answered by Anonymous · 0⤊ 0⤋