Although a Corporation is a corporation, it does not necessarily have to issue shares to shareholders. A distinction is made between the "authorized shares" and "issued shares". The authorized shares are the maximum number of shares that a Corporation could issue as is defined in the Corporation’s Articles of Incorporation. The issued shares are shares that have been actually issued to its shareholders. For a Corporation founded as a one-person company, all shares are held in one hand: the founder. Capital is not necessarily needed. The shares of a Corporation do not necessarily have a nominal value.
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With its quick and professional service, ALTON LLC helped us found our C Corporation and obtain the investor visa we needed. In addition to saving us valuable time, they were prompt in supporting us in accomplishing our stock split, as well as successful with our deadlocked visa application. Our experience with Max Karagoz and ALTON LLC was always positive and definitely the right choice. - Andreas Kisslinger (Cross Media Production)