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LSDefine

Simple English definitions for legal terms

stated capital

Read a random definition: apportionment

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.

stated account | State Department

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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