Capital stock is the number of common and preferred shares that a company is authorized to issue, and is recorded in shareholders' equity. There is no set number required.Investors in Florida need to pay shortterm capital gains tax on assets bought and sold in less than a year. Form 1F covers January 1, 2023, through your last day of office or employment. Authorized capital stock is the largest amount of shares a company is permitted to issue. 3 min read updated on September 19, 2022. The Florida corporation is a popular choice for some business owners. Here's what you need to know about the entity, plus how to form one. In the initial year of election, you must complete Florida. Form F-1122, Authorization and Consent of Subsidiary.