Mississippi Amendment of common stock par value
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How to fill out Amendment Of Common Stock Par Value?
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FAQ
The document required to form a corporation in Mississippi is called the Articles of Incorporation. The information required in the formation document varies by state. Mississippi's requirements include: Officers. Officer names and addresses are not required to be listed in the Articles of Incorporation.
Step 1: Name Your Mississippi LLC. ... Step 2: Choose a Registered Agent. ... Step 3: File the Mississippi LLC Certificate of Formation. ... Step 4: Create an Operating Agreement. ... Step 5: File Form 2553 to Elect Mississippi S Corp Tax Designation.
A change in par value usually occurs when a company's stock is split. The par value is typically listed on stock certificates and usually does not represent the stock's actual value.
If you already have par value and you want to raise or lower it, things are a bit more complicated. Typically, you can't just make an amendment saying you now have a new par value. Instead, the most common way that corporations change their par value is with a stock split (or reverse stock split).
If the value of the stocks ever drop below the par value, the corporation becomes liable to the shareholders for the price drop. No-par stocks completely avoid this whole process by having no minimum price or par value at all for the stocks.
A corporation's business and affairs are managed by or under the direction of its board of directors. Although the board has the power to make all decisions on behalf of its corporation, many business decisions are actually made by the corporation's officers.
A reverse split raises your stock's par value and reduces the number of shares at the same time. The reverse split doesn't change the value of the retained earnings, paid-in capital or cash accounts. When the reverse split is completed, the total value of your stock is unchanged.
A par value for a stock is its per-share value assigned by the company that issues it and is often set at a very low amount such as one cent. A no-par stock is issued without any designated minimum value.