Connecticut Authorization to purchase corporation's outstanding common stock
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FAQ
Every company needs to initially make an amount of shares available to the current and future shareholders. This is done at no cost during the company registration process and is shown on the MOI Certificate of a company. Normally the total Share Allocation amounts to 1000.
Section 33-920. - Authority to transact business required. (a) A foreign corporation, other than an insurance, surety or indemnity company, may not transact business in this state until it obtains a certificate of authority from the Secretary of the State.
