This is not a substitute for legal advice. An attorney must be consulted. "This work is protected under the copyright laws of the United States. No reproduction, use, or disclosure of this work shall be permitted without the prior express written authorization of the copyright owner. Copyright © 1994 - 2014 by LAWCHEK, LTD." |
What
does Capitalization Mean? |
Every
corporation organized for operation should be
adequately capitalized. Capitalization
will assure the corporate operations and permit the corporation to
function as a viable entity.
Scrutiny may be given to the adequacy of capitalization by
various taxing authorities or individuals or entities who, for some
reason or another, may wish
to pierce the corporate veil in the event there is a belief that the
corporation was established as a sham and without proper or adequate
capitalization. The
Articles of Incorporation must describe the various classes of shares
and the number of shares of each class that the corporation is
authorized to issue.
|
Copyright © 1994 - 2014 by LAWCHEK, LTD.
This is not a substitute for legal advice. An attorney must be consulted.
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