No-Par Value Stock

No-Par Value Stock is stock issued without a stated par value in the company’s charter, meaning the shares do not have a nominal minimum legal capital amount assigned per share (subject to state law). In corporate formation and financings, No-Par Value Stock can simplify charter drafting and accounting treatment, and No-Par Value Stock is common in many modern startup capital structures.

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Ryan Roberts Startup Lawyer
Ryan Roberts is a startup lawyer with more than two decades of experience advising on venture financings and M&A transactions totaling more than $1 billion. He is the author of the Amazon bestselling startup law book Acceleration.