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SEC Form 4 OMB APPROVALUNITED STATES SECURITIES AND EXCHANGE COMMISSIONER 4Washington, D.C. 20549 OMB Number:32350287Estimated average understatement OF CHANGES IN BENEFICIAL OWNERSHIPCheck this box
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01
Make sure to check the legal requirements in your jurisdiction to confirm that issuing shares with par value of 0 is allowed.
02
Update the Articles of Incorporation or other governing documents of the company to reflect the decision to have par value of 0.
03
Ensure that all shareholders and relevant authorities are informed of the change in par value.
04
Take necessary steps to comply with any regulatory or tax implications of having par value of 0.

Who needs par value is 0?

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Companies looking to issue shares without a minimum price attached to them may opt for par value of 0.
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Startups and small businesses that want to have more flexibility in determining the value of their shares may also choose par value of 0.
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Par value of 0 means that the stock has no stated value assigned by the company at the time of issuance.
Companies that issue stock with a par value of 0 are typically required to file associated documents with their state or regulatory body.
When filling out documents, simply indicate '0' in the par value field where applicable.
The purpose of declaring a par value of 0 is to simplify the accounting and regulatory requirements for companies and to potentially attract investors.
The filing documents must report the type of stock issued, the number of shares, and the par value, which in this case would be listed as 0.
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