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LSDefine

Simple English definitions for legal terms

stated capital

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A quick definition of stated capital:

Stated capital is the amount of money that a company has raised by selling its shares of stock. It is also known as legal capital and is usually equal to the total value of the company's outstanding shares. Some states require companies to keep this amount of money in the company to protect creditors. Stated capital is an important measure of a company's financial health and appears on its balance sheet.

A more thorough explanation:

Stated capital is the total amount of money that a company receives from selling its stocks. It is also known as legal capital because it is the minimum amount of money that a company is required to have by law. This money is used to protect the company's creditors in case the company goes bankrupt.

For example, if a company sells 100 shares of stock for $10 each, the stated capital would be $1,000 (100 shares x $10 per share). This money is recorded on the company's balance sheet as equity.

Stated capital is important because it shows how much money a company has raised from selling its stocks. It also helps to protect the company's creditors by ensuring that the company has enough money to pay its debts if it goes bankrupt.

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texaslawhopefully
18:38
For like HLS at least, if you wait till J6 then you may already have a decision
TGM
18:39
@texaslawhopefully: alas, haven’t even gotten an interview (applied around thanksgiving)
18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
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hey yall
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im premed idk why im here
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we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
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i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
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windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
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try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
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