"Authorized shares" refers to the number of shares the corporation is allowed to issue under its certificate or articles of incorporation. Authorized stock is the maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation.Complete, sign, and record the requisite paperwork, fill out any government forms, and voila, your startup has issued stock to its cofounders. Earnings per share (EPS) is a measure of a company's profitability that indicates how much profit each outstanding share of common stock has earned. The criteria for determining whether an award should be classified as a liability or as equity are outlined in ASC 71810256 through ASC 718102518. Advisory shares are a type of equity compensation that earlystage startups can give to advisors instead of or in addition to cash. Authorized shares act as a ceiling for share issuance, preventing companies from diluting ownership beyond a predetermined point. Cereal mixed with breast milk or formula (not in a bottle). No. 11-O-93, 10-18-2011.) Sec. 2-311.2. Share sensitive information only on official, secure websites.