Glossary • Updated 2026
Par Value
Nominal per-share value in the charter (often $0.00001), distinct from market value.
In detail
Low par keeps initial capitalization math clean for founder issuances.
APV math divides gross assets by issued shares regardless of stated par.
Raising par later requires a charter amendment filing.
Where it matters
More definitions
Sources
- Cal. Rev. & Tax Code; 8 Del. C.; Wyo. Stat. Title 17; FTB/SOS glossaries