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Ask HN: Par Value, what do think?

I have noticed from several of the posts in here, that the Par Value per share is recommended from .001 to .000001 per share. That seems like a pretty big margin.

Is this somehow related to the stage of the company, for instance initial filing of the corporation vs. issuing a round preferred stock?

What are your thoughts on this?

( 2 comments | 4 points | on HN )
Re:Ask HN: Par Value, what do think? by pg on Friday November 12, 2010 @11:50PM (#1900323)
The reason for the variation is that the actual number doesn't matter, just that it's nominal.
Re:Ask HN: Par Value, what do think? by jonlegend on Saturday November 13, 2010 @12:10AM (#1900351)
I thought it was because the more par value you put on your stocks, the more its going to cost you during incorporation.

FYI: My company has 10,000,000 stocks valued at .01 a share, it cost $94 total [Delaware C-corp].