Authorized shares Question?

Hi, if there is a better thread for my question please lmk! I have a few questions for a startup? Could you authorize 10 billion shares with no par value only intending to ever release a portion of them? Does this protect you from hostile takeover? Why wouldnt you do that? Do you have to pay tax on the lot once a par value is ascribed? In short i want to authorize many more shares than the company would ever sell to maintain outright ownership but dont fully understand the ramifications. I did not study business Or finance in school so if you might keep your answers somewhat pedestrian Id be grateful.

submitted by /u/IanMBurley
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