Definition of Treasury Stock:
Shares of stock of a corporation which were issued and later re-acquired by the corporation. This can occur several ways, including by repurchase by the company or if the shares were subject to vesting (i.e. risk of forfeiture) and the vesting conditions were not satisfied, which results in a forfeiture of the shares back to the company. Treasury stock is considered “issued, but not outstanding.”
Today’s Question — Saturday, February 4
Must my corporation’s name end in “Inc.”?
No, you can typically choose from “Inc.”, “Incorporated”, “Corp.”, “Corporation”, “Limited” and similar names and abbreviations to indicate to the public that the entity is a corporation. The law varies from state to state and should be considered when forming your corporation. However, corporations do typically need to use one of these words or abbreviations.
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