Must a Corporation Issue All Authorized Shares?
April 1, 2014 at 4:58 pm Comments disabled
This post is based on a conversation I had with a foreign client recently. Q. Must a corporation issue all authorized shares?
A. No, a corporate may, but it does not need to, issue all authorized shares.
Foreign Parent Audit
This question arose because my foreign client was being audited. The auditors thought that they had uncovered a problem.