Whats the difference between Authorized and Issued Shares of Stock?
Authorized is the amount of stock that a company is approved to issue. Issued stock is stock that has been issued to an entity, be it a person, business, or certain types of trust. Stock must be issued for capitalization in most states, unless the corporation is a non-stock company or entity that has members or no stock authorization at all. These types of corporations are generally NOT FOR PROFIT.
