Corporations and LLCs that decide to change either the value or number of shares of its stock are required, by law, to update that information in their Articles of Incorporation or Certificate of Authority. You do this by filing what is called a “share amendment” and this must be filed in the state of incorporation. Keep in mind that when you change either your number of authorized shares or stock value it could change the amount of your state franchise tax. And, further, some states even require you to file a Share Amendment if you just want to change your corporation’s name (even if you are not making changes to the price or number of shares).

We can help with additional share certificates as well!