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New Stock Issuance


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Old 12-17-2006, 12:41 PM
adams adams is offline
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Default New Stock Issuance

I am looking to issue more stock. I'm talking here about a c-corp, Delaware. The question I have is:

what forms do I need to file with the dos? do I simply file an ammednment to the articles of incorporation?

what do i need to do on my end in terms of board meetings, resolutions, etc.?

what do i need to do on my end in terms of stockholders meetings, resolutions, etc.?

Anything else I need to know (other than the filing fee will vary, I already figured that one out with DE)


Thanks a bunch
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Old 12-17-2006, 12:49 PM
pepe pepe is offline
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At the time you incorporated you were by statement in your articles or by state statute default allowed so many shares of stock to issue without further approval from the state. If you need more shares to issue you would have to go back to the state with some form that would be listed on the state of Delaware Secretary of State website. Yes, it would also be a good idea to have stockholder and board meetings to approve the issue although in most states it probably isn't actually necessary.
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Old 12-17-2006, 12:52 PM
susi susi is offline
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To authorize more shares you have to file articles of amendment. DE will charge you based on the total amount of shares that you will have. They have a good tool to calculate your filing fees at http://www.state.de.us/corp/fee.shtml (I'm not 100% sure if it can be used to calculate an increase of shares, but it will give you an idea about the total cost).
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