Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
Authorized Shares Of In Phoenix
State:
Multi-State
City:
Phoenix
Control #:
US-0034-CR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
“Authorized shares” refers to the number of shares the corporation is allowed to issue under its certificate or articles of incorporation. 10 to 15 million is a commonly used range (we set 10 million as default for the Cooley GO Docs Incorporation Package).
Authorized shares refer to maximum number of shares that a corporation is allowed to issue. This number is usually referenced in a company's Articles of Incorporation. The only way to increase authorized shares is to make an amendment to the aforementioned document.
The number of authorized shares is specified in the company's articles of incorporation. You can also see the number in the capital accounts section on the balance sheet.
If you have established, or are thinking about forming, a corporation in California, then you'll need to create a set of corporate bylaws. This may sound like an unnecessary formality – especially if you are a start-up with just a handful of shareholders and employees.
Corporate bylaws are legally required in Arizona. AZ Rev Stat § 10-206 states that the “board of directors of a corporation shall adopt initial bylaws for the corporation.” This means that adopting bylaws is a legal requirement.
If you want to file an annual report, please log into or create an eCorp account and file online. All documents must be submitted with a Cover Sheet. The Cover Sheet is a Miscellaneous form. All forms are in PDF format and are fillable (you can type in them).
Start Your Corporate Bylaws StateBylaws Required? California No Colorado No Connecticut Yes Delaware Yes47 more rows
The first meeting of the company's board of directors is usually held to approve the articles of incorporation and bylaws. The bylaws are in effect once they've been formally passed and can be amended over time by the board to meet the changing needs of the corporation.
Corporate bylaws are legally required in Arizona. AZ Rev Stat § 10-206 states that the “board of directors of a corporation shall adopt initial bylaws for the corporation.” This means that adopting bylaws is a legal requirement.
Authorized Shares For example, a corporation with three owners may decide to authorize 1,000 shares and issue 250 shares to each owner (750 shares issued). This leaves 250 shares to issue to future investors or partners.