The owner of a sole proprietorship is liable for all business debts. The basic capital of a corporation. Technically, it consists of the sum of the par value of all issued shares plus the consideration for no par value shares to the extent not transferred to capital surplus plus other amounts that may be transferred from other accounts. Stock An equity ownership interest in a corporation as demonstrated by stock certificates. Stock Certificate A written document showing ownership of shares in a corporation.
Stockholder See shareholder.
Book A book where all the owners of shares of stock in a corporation are listed. Subchapter S Refers to the subchapter of the Internal Revenue Code of 1954 that regulates the S corporation. See also S corporation. Subscribers Persons who agree to invest in a corporation by purchasing shares of stock. Subscription An offer to buy a specified number of theretofore unissued shares of a corporation.