Vermont Amendment of common stock par value
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How to fill out Amendment Of Common Stock Par Value?
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FAQ
A par value for a stock is its per-share value assigned by the company that issues it and is often set at a very low amount such as one cent. A no-par stock is issued without any designated minimum value.
Capital surplus, or premium, is the excess remaining after common stock is sold for more than its par value. Capital surplus can also result from the proceeds of stock bought back and then resold and from donated stock.
Typically, you can't just make an amendment saying you now have a new par value. Instead, the most common way that corporations change their par value is with a stock split (or reverse stock split). A stock split is exactly what it sounds like: a division of shares.
The par value of shares sets only a bottom limit for your business, but the board of directors may set the price of stock at any amount above par. Let's say your par value is $. 01 but the board of directors sells stock to an investor for $5.00 per share. This is perfectly legal.
Par value, also known as nominal or original value, is the face value of a bond or the value of a stock certificate, as stated in the corporate charter. Stock certificates issued for purchased shares show the par value.