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Thomas McJD
Thomas McJD, Attorney
Category: Business Law
Satisfied Customers: 6516
Experience:  Experienced in Corps, LLCs, Partnership, etc.
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To be the majority share holder of a corporation I started,

Customer Question

To be the majority share holder of a corporation I started, do I need to own the majority of authorized stock or the majority of issued stock?
I started a corp with 20,000 authorized shares. But if i only issue 100 to my self, and those are the only shares issued, will that make me the majority share holder owning 100% of the company?
Submitted: 5 years ago.
Category: Business Law
Expert:  Thomas McJD replied 5 years ago.

Yes, you only need to hold a majority of the issued stock to be the majority shareholder.


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Customer: replied 5 years ago.
So does the company still have to pay dividends on non-outstanding stock?
Customer: replied 5 years ago.
Would the company only pay dividends on outstanding stock?
Expert:  Thomas McJD replied 5 years ago.

Yes, dividends are paid on outstanding stock only. The other stock is ignored for all intents and purposes.

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