Glossary • Updated 2026
Authorized Shares
The maximum shares a corporation may issue, and the basis of Delaware’s default tax method.
In detail
Tiers: $175 up to 5,000 shares; $250 to 10,000; +$85 per extra 10,000 (8 Del. C. § 503).
10M authorized shares bills $85,165 on Delaware’s default notice.
Set at formation; changing it later requires an amendment filing.
Where it matters
More definitions
Sources
- Cal. Rev. & Tax Code; 8 Del. C.; Wyo. Stat. Title 17; FTB/SOS glossaries