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A company increasing its authorized share capital could negatively affect existing shareholders, as it could dilute their ownership of the company.
Amended means changed, i.e., that someone has revised the document. Restated means presented in its entirety, i.e., as a single, complete document. Accordingly, amended and restated means a complete document into which one or more changes have been incorporated.
The number of authorized shares is typically higher than those actually issued, which allows the company to offer and sell more shares in the future if it needs to raise additional funds.
Articles of Amendment are filed when your business needs to add to, change or otherwise update the information you originally provided in your Articles of Incorporation or Articles of Organization.
An amendment to your corporations Articles of Incorporation is filed when you need to update, add to, or otherwise change the original content of your articles. Amendments are important corporate filings as they are required to modify essential corporate information, such as changes to stock information.
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With this said, Authorized Shares refers to the total number of shares that the corporation is allowed to issue under its Articles of Incorporation. Normally, a corporation authorizes up to 10 to 15 million shares upon incorporation.
There are two main ways to increase the share capital of a corporation: either by issuing new shares, which will raise fresh capital for the corporation, or existing shareholders can transfer or sell their shares to another purchaser.
A Certificate of Amendment is a legal document that a corporation must complete indicating any changes made to the organization. Essentially, whenever a company needs to edit, add to, or delete information on its original formation documents, the state requires the company to complete a Certificate of Amendment.
The amount of capital stock that a company issues is usually initially stated in its company charter, which is the legal document used to start a corporation. However, a company commonly has the right to increase the amount of stock its authorized to issue through approval by its board of directors.
The most common reason that businesses change the articles of incorporation is to change members information. It is important to amend the articles of incorporation for any major changes to avoid legal consequences.

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