Good evening Everybody,
I am new to the forum and am the accountant for one of my work friends' company. At the risk of starting a new thread on something that has already been discussed- and I searched the forums before contemplating making this post- I have searched the Internet for the answer and have so far found nothing. So, again, I apologize if I am resurrecting and old thread with this new one.
One of my work partners will be forming an S-corporation in the coming months. One question I have when filing the articles of incorporation for a company with this structure, is the par value of the stock an arbitrary figure, or is there a formula or something similar to determine the initial par value? Any suggestions/helpful info would be greatly appreciated.
Thank you in advance.
- Dosk
