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A question about c-corporation. My just registered a c-corp,

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with ### ***** of stocks...
a question about c-corporation. My just registered a c-corp, with ### ***** of stocks. But I don't see the price I filled on the Articles of Incorp, is this information kept by gov? if not, how do the shareholder calculate them tax based on? Thanks.
Submitted: 1 year ago.Category: Tax
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Answered in 9 minutes by:
6/18/2016
Tax Professional: socrateaser, Lawyer replied 1 year ago
socrateaser
socrateaser, Lawyer
Category: Tax
Satisfied Customers: 39,376
Experience: Retired (mostly)
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Hello,

Under California Corps. Code Section 205, for purposes of fixing taxes or fees based upon the capitalization of the corporation, all shares authorized are deemed to have a “nominal or par value” of $1 per share.

So, it doesn't matter what value you gave to the stock, when you formed the corporation.

I hope I've answered your question. Please let me know if you require further clarification. And, please provide a positive feedback rating for my answer (click 3, 4 or 5 stars) -- otherwise, I receive nothing for my efforts in your behalf.

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