Which document determines the number of shares a company can sell?
Asked by maham237 @ in Business viewed by 335 People
a stock prospectus an annual bill of rights a corporate charter an annual report
Answered by maham237 @
Answer: Corporate charter
Explanation:
The corporate charter is also referred to as the articles of incorporation. It is a document that contains the major components that make up a company, like the objectives of the company, the structure of the company, the number of shares the company has for sale and the planned operations of the company.
When a corporate charter is approved by the state, then the company will become a legal corporation. The corporate charter also contains the names of the people that are involved in its formation.
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