Capital Stock Formula In Georgia
State:
Multi-State
Control #:
US-0040-CR
Format:
Word;
Rich Text
Instant download
Description
The document is a Resolution of the Board of Directors that facilitates the issuance of common stock within a business corporation in Georgia. It outlines a capital stock formula by allowing the board to authorize the issuance of shares at a par value of one dollar per share. The resolution specifies the payment details, including names, shares, and consideration, ensuring transparency in transactions. This document is particularly useful for attorneys, partners, and corporate owners who need to formalize stock issuance decisions. Paralegals and legal assistants can assist in preparing the resolution, ensuring compliance with corporate bylaws and state law. The provision for both cash payment and asset transfer for share issuance allows flexibility in how owners can acquire shares. The clear structure helps in organizing pertinent information and maintaining accurate corporate records. Overall, this resolution supports legal compliance and facilitates the smooth operation of corporate governance.
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