What is Charter capital?

The money value of the shares, the nominal value of stock and other contributions that the founders (participants) bring into the organisation's property to support the activity set out in its founding document. In a joint-stock company it is formed by shareholders (8310 ordinary, 8320 preferred shares); in a limited liability company and other forms, by participants (8330 units and shares). A contribution can be made in money, fixed assets, intangible assets, securities or inventories; a share not yet paid in is carried on account 4610 as the founders' debt.