Authorized shares are the number of shares your corporation is authorized to issue. You do not have to issue all of your authorized shares, and frequently it can be a mistake to do so. Authorized shares merely sit on the corporate books as shares available to issue. If you need to issue more shares than are authorized, you will need to amend the corporations’s Articles.
What are authorized shares?
About the Author: David Herzog
Since 1993, I have represented hundreds of businesses and individuals in a variety of industries. Small business legal advising . . . that's my thing.