Industry Source Consulting Inc (INSO)

[ancalagon]

Wyoming allows Corporations to charter with unlimited authorized shares. Corporations are normally bound by the number of authorized shares set forth in their articles of incorporation. If a Corporation exceeds the number of authorized shares designated in the articles, the Corporation must scramble to amend the articles to increase the number of authorized shares. Wyoming’s unlimited authorized shares option gives Corporations unlimited room for growth.

I don't think this is normal but I'm looking into it. Thought I'd post for all of our sakes. If I find other states with this "corporate advantage of chartering in WY" I'll certainly keep a list. Definitely not a "shareholder advantage of incorporating in WY." Normally any change in a company's articles of incorporation (which raising A/S qualifies) requires shareholder approval - certainly in some pennies that wouldn't matter as management owns controlling shares. But it's a frigging license to print money.