What is a Stock Amendment?
Do you need to increase or decrease the number of shares of stock your corporation has to offer? A stock amendment is an economical way to adjust the share structure of your company. As your company evolves, you may want to increase or decrease the number of Authorize shares in your company to keep up with the upsizing or downsizing of your company over time. Alternatively, you may want to add an all new class of stock to better accomodate your stockholders.
Do shareholders vote on stock amendments?
A stock amendment typically requires approval by the corporations Board of Directors and shareholders. Once approved a required filing is made with the Divisions of Corporations. Stock Amendments in a Delaware corporation are extremely flexable and easy to amend. All you need to do is hold a meeting with your stockholders, once you agree on a new number of authorized shares, call Harvard Business Services, Inc. to submit the Certifcate of Amendment with Division of Corporations.
We can help. Simply call 800-345-2677, Ext. 6911 or email us. Please be advised we will need to know the total number of shares authorized along with the new par value.
Stock Amendment: $450
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