| This may be a surprise to a lot of people, but those | | | | include all the same information that is included on the |
| fancy pre-printed share certificates that incorporation | | | | pre-printed share certificates and can be sealed by the |
| services and many legal publishing companies try to | | | | signature of the Secretary and President; just like you |
| sell you are not legally required under modern | | | | would seal an official share certificate. If properly |
| corporate law. | | | | authorized, paper shares have the same legal |
| If you don't believe me, check out what the Florida | | | | significance as pre-printed shares. |
| Corporation Laws have to say: | | | | The document package that we offer take this |
| 607.0626 Shares without certificates.-- | | | | approach. The organizational actions include an |
| (1) Unless the articles of incorporation or bylaws | | | | authorization for paper shares. The formation |
| provide otherwise, the board of directors of a | | | | documents include paper shares that look very much |
| corporation may authorize the issue of some or all of | | | | like an official share certificate but without the printed |
| the shares of any or all of its classes or series without | | | | eagles or whatever other decorative markings that |
| certificates. The authorization does not affect shares | | | | you will find on the pre-printed certificates. This is |
| already represented by certificates until they are | | | | perfectly legal and has the same significance as the |
| surrendered to the corporation. | | | | fancier looking certificates. |
| If you want to simplify your incorporation process and | | | | Substance over form will save you quite a bit of |
| save some money on startup, you can resolve in your | | | | money when you are looking at starting a new |
| organizational actions to authorize issuing shares | | | | business. For other unnecessary items that are often |
| without certificates. You can also issue "paper shares" | | | | offered by incorporation services and legal publishing |
| which are basically printed off your computer to | | | | companies, see my previous articles on Corporate |
| evidence share ownership. The paper shares can | | | | Seals and Official Corporate Record Books. |