What is the default par value for Firstbase.io?

For Firstbase.io, the default par value for stocks is typically set at the minimum limit, which is $0.00001. This par value serves as a reference for accounting purposes for common shares. It's a common practice to establish a company with a low par value.

The default par values in the Firstbase.io application dashboard are:

Delaware - $0.00001

Wyoming - $0.0001

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What is par value? Is there an additional fee when the par value is high?