Authorized shares The maximum number of shares a company is allowed to issue as specified in its formation documents, which can be increased by amending its charter. Home Resources Startup Law Dictionary Authorized shares Return to Glossary Need legal help? Schedule a free consultation with a world-class startup attorney on LawTrades. LET'S CHAT Roy G. Business Attorney Heather N. Business Attorney Jared S. Business Attorney Tell us about your project We'll connect you with a vetted attorney in just a few minutes. Trusted by top companies like :