Authorized stock is the maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation. The California application review process consists of a thorough, comprehensive operational and financial review of the applicant's business.Outstanding shares are shares of stock that have been issued. Solved: Working on an scorp balance sheet and I'm not sure if I'm entering Capital Stock and Additional PaidIn Capital correctly. "Authorized shares" refers to the number of shares the corporation is allowed to issue under its certificate or articles of incorporation. To help you understand stock ownership and equity capitalization structures, here's a helpful guide to the key stock concepts. Kapor Capital is an Oakland-based venture capital firm that invests in industry-transforming startups. We redefine what venture capital is capable of. All of the issued and outstanding shares of capital stock or units of DOT(SR) have been duly authorized and are validly issued, fully paid and nonassessable. The authorized capital stock of the Company, and the outstanding capital stock ofthe Company (including securities convertible into, or exercisable or.