Delaware Reclassification of Class B common stock into Class A common stock
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How to fill out Reclassification Of Class B Common Stock Into Class A Common Stock?
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FAQ
One of the benefits of incorporating a company in Delaware is the flexibility of the corporate structure. With stock amendments, you can increase or decrease the number of shares your Delaware company has authorized; you can also add or remove classes of stock and/or modify the par value of the stock.
To make amendments to your Delaware Stock Corporation, you submit the completed State of Delaware Certificate of Amendment of Certificate of Incorporation form to the Department of State by mail, fax or in person, along with the filing fee and the Filing Cover Memo. Non-stock corporations use a separate amendment form.
Amendments to Section 242 of the DGCL, which governs the requirements to amend the certificate of incorporation of a Delaware corporation, were implemented to address, in part, recent issues encountered by public corporations in securing the stockholder vote required to approve a reverse or forward stock split.
What do I include in the Delaware Certificate of Amendment? Business name: Provide the exact name of your Delaware LLC. Amendments: Enter all relevant updates/changes in the box provided. Signature: Sign the form, and print the name of the person filing the amendment. ... Fees: Include a payment for $200.
Section 242 of the DGCL governs the procedures by which a corporation may amend its certificate of corporation, or charter, and generally requires approval by (a) the board of directors and (b) holders of a majority in voting power of the outstanding stock entitled to vote thereon and by the holders of a majority in ...
A Certificate of Amendment is a legal document that a corporation must complete indicating any changes made to the organization. Essentially, whenever a company needs to edit, add to, or delete information on its original formation documents, the state requires the company to complete a Certificate of Amendment.
The filing fee for filing an Annual Report or Amended Annual Report for exempt domestic corporations is $25. For an Annual Report or Amended Annual Report for non-exempt domestic corporations the filing fee is $50. Taxes and Annual Reports are to be received no later than March 1st of each year.
§ 243. Retirement of stock. (a) A corporation, by resolution of its board of directors, may retire any shares of its capital stock that are issued but are not outstanding.