What should a bill of sale for issued stock include? This guide will help you file formation documents, get tax identification numbers, and set up your company records.Our FAQs for entity formations will help you better understand the key questions to ask to make sure you are protected properly. Get expert guidance on forming a corporation in Nevada. While registering a C Corp. In Nevada, how many shares of common and preferred stocks one should issue and at what par value? Yes. Shareholders are the owners of the corporation. If no stock shares are issued, then there are no legal owners of the corporation. The judgment of the board of directors as to the consideration received for the shares issued is conclusive in the absence of actual fraud in the transaction. To issue stock, an entity must first be incorporated in a state.