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Sunday, July 01, 2018 8:30:30 PM
So if 5 Trillion is accurate ABWN just signed up for the MAX FEE of $35,000!!
If your intention was to really authorize 5 Trillion shares you would logically change your Corporate Domicile to Wyoming where you can have unlimited authorized shares and pay a filing fee for each of these entities of $100.
So $100 or $35,000 for a filing fee??
https://soswy.state.wy.us/faqs.aspx?root=BUS
Authorized shares are the total number of shares you are creating when you form your corporation. These shares will be issued to your shareholders, which makes them owners of your business.
Par value is not the actual value of your shares. Rather, it is the lowest possible price for which the shares can be sold. You do not have to assign a par value.
To calculate the fee:
For shares with par value: multiply the number of shares by their par value
For shares without par value: multiply the number of shares by $1
For shares with both: perform the calculations above for each type and add them together
Next, take your total amount and apply to the chart below.
Authorized Share Value
Initial Filing Fee
$75,000 or less $75
$75,001 to $200,000 $175
$200,001 to $500,000 $275
$500,001 to $1,000,000 $375
Above $1,000,000
First $1,000,000
$375
Each additional $500,000 $275
Max Fee
$35,000
https://www.nevadaresidentagent.com/nevada-business-filing-guide
Nevada SOS has a Certificate of Correction Form for a reason!
https://www.sec.gov/Archives/edgar/data/1425287/000101376210001299/ex32.pdf
Website: www.nvsos.gov
Certificate of Correction
(PURSUANT TO NRS CHAPTERS 78,
78A, 80, 81, 82, 84, 86, 87, 87A, 88,
88A, 89 AND 92A)
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