<Tr> <Td> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> </Td> </Tr> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> <P> The stock (also capital stock) of a corporation is constituted of the equity stock of its owners . A single share of the stock represents fractional ownership of the corporation in proportion to the total number of shares . In liquidation, the stock represents the residual assets of the company that would be due to stockholders after discharge of all senior claims such as secured and unsecured debt . Stockholders' equity cannot be withdrawn from the company in a way that is intended to be detrimental to the company's creditors . </P> <P> The shares together form stock . The stock of a corporation is partitioned into shares, the total of which are stated at the time of business formation . Additional shares may subsequently be authorized by the existing shareholders and issued by the company . In some jurisdictions, each share of stock has a certain declared par value, which is a nominal accounting value used to represent the equity on the balance sheet of the corporation . In other jurisdictions, however, shares of stock may be issued without associated par value . </P>

Select sales companies offer of shares of stock in itself