Share Amendment
Anytime you change information included in your company’s articles of incorporation, you typically need to file an Article of Amendment. When the number of authorized shares and/or par value changes, a share amendment may be required in states where your company conducts business.
In order to alter the number of shares of stock a corporation is authorized to issue and/or to alter the par value of that stock, an Article of Amendment is required. A share amendment certifies that changes to the stock information were completed as required by law with consent of the appropriate individuals within the company. Legal requirements vary by state and entity type. For example, stock changes for a corporation may require consent of the incorporator, the company's board of directors or its shareholders .
BizFilings' service includes the preparation of an Article of Amendment; shipping of the document to you for signature, in cases where a signature is necessary; and filing of the Article of Amendment document for your business with the appropriate state office.
Pricing
BizFilings' fee for a share amendment is $139 + state fees. Typical timeframes for a share amendment is 4-6 weeks.
If you would like to obtain your amendment filing sooner, BizFilings offers expedited processing for an additional $115. With expedited processing, BizFilings sends the Article of Amendment for signature via FedEx 2Day delivery. We also ship your company's approved amendment document via FedEx 2Day after receiving it from the state office. Typical completion time for an expedited filing is 2-3 weeks.
FAQs
Q. What is an Article of Amendment?
A. An Article of Amendment is a document filed with your state of formation, or if applicable with any states in which your company has foreign qualified to transact business, to enact a specific change to the information included in your company’s formation or qualification documents.
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Q. Can you help me file an amendment if I didn’t form my company with BizFilings?
A. Even if you didn’t place your original formation order with BizFilings, we can prepare and file the necessary share amendment documents for your business in any state.
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Q. What information do I need to have before I place my order?
A. When ordering your purpose amendment with BizFilings, please have the following general information ready:
- State of formation
- Entity type
- Company name
- Formation date
- Current business purpose
- Company contact information
- Director(s) name(s) & address(es)
- Officer(s) name(s) & address(es)
- Current authorized shares
- New authoized shares
- Current par value
- New par value
- Current preferred shares (if applicable)
- New preferred shares (if applicable)
- Current preferred par value (if applicable)
- New preferred par value (if applicable)
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Q. Why would I need to change the authorized shares of stock and/or par value?
A. Common reasons for this include seeking venture capital or additional investors.
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Q. When do companies need to file a share amendment?
A. A company would need to file a share amendment if they were looking to increase or lower the total number of authorized shares or stock or the par value.
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Learn More About Share Amendments
Related Products:
The following products are available as add-ons for individuals filing a Share Amendment:
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