I am filling my articles of incorporation for a security company in the state of California. The application requires me to write down a number of shares. Currently I am the only corporate officer. I was an LLC but only Sole Proprietor, Partnerships and Corporation are accepted and required to do business as a security company in California.
Answers
Jeff, I suggest you contact the nearest SCORE office for getting the information you are looking for . . . and it's FREE. They will also help you with your business and marketing plans.
Go to www.score.org and to "find a local chapter" tab, put in your city of zip code and you'll get the contact information for the closest office(s)
It really doesn't matter... If you're expecting to stay private and you owning
100% it really doesn't matter at all. Do 10,000 - nice round number.
If you're planning to hire people and give them options in the company - now
suddenly it does matter as people (even very very smart and financially sophisticated
such) will like to have a large number of options. Silly but 100% real.
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