Authorized Shares
Authorized Shares is the maximum amount of shares of stock a startup can issue. The number and type of authorized shares is set forth in the startup’s charter. The amount and type of authorized shares can be changed by the startup, provided the startup obtains the requisite approval of the startup’s shareholders.
About the Author
Ryan Roberts is a startup lawyer and represents technology companies through all phases of the startup process, including incorporation, seed & venture financings, and exit transactions. Click here to learn more about his practice.
