Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
Authorized Shares Formula In Utah
State:
Multi-State
Control #:
US-0034-CR
Format:
Word;
Rich Text
Instant download
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FAQ
The calculation There should be a "common stock" section, which can tell you the number of issued shares as well as the number of authorized shares. Divide the number of issued shares by the number of authorized shares, and then multiply by 100 to convert to a percentage.
“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).
With this said, “Authorized Shares” refers to the total number of shares that the corporation is allowed to issue under its Articles of Incorporation. Normally, a corporation authorizes up to 10 to 15 million shares upon incorporation.
16-10a-601 Authorized shares. (1) The articles of incorporation shall prescribe the classes of shares and the number of shares of each class that the corporation is authorized to issue.