"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.Authorized shares are the maximum number of shares a company can issue, while outstanding shares are the number of shares that have already been issued. Shares in the Company shall be issued in the currency of the United States of America. This form is for general instructions that apply to all corporation tax forms. It includes a variety of topics about how to fill out your form. When WIC does not provide enough infant formula for a baby, can the WIC client receive more formula from WIC? Authorized shares: As we already mentioned, this is the total number of shares a company could issue. You can also see the number in the capital accounts section on the balance sheet. Guest completing the booking must be 21 or older at the time of sailing.