ANSWERS: 3
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You can incorporate without offering stock, and many business do, simply for the protection it offers against personal liability... ;-) Delaware and Nevada are the two most common places people incorporate because of the favorable tax status and protection they offer. However, one can incorporate in pretty much any state in the country. There is no requirement to offer stock to the public within the incorporation process. A company which does not offer stock to the public is referred to as a Privately Held Company. http://en.wikipedia.org/wiki/Privately_owned
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You need to read about this stuff. You only have value as a stock if you sell stock in your company by going public. By the way that means you can be bought out from your own company in time. There's a lot to it. Mostly a lot of money for lawyers, accountants and paying taxes.
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All corporations issue stock. If you are a closely held corporation (not publicly traded), the stock price is set when you incorporate and is set by the incorporater on you articles of incorporation. If you sell stock to the public (but are still not publicly traded), you can sell stocks for anything above its par value. If the stock is publicly traded, the price is set and fluctuates by the market. In a publicly traded company you have no control as to who buys or sells your stock.
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