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At the most basic level, the corporate charter includes the corporation's name, its purpose, whether the corporation is a for-profit or nonprofit institution, the location of the corporation, the number of shares that are authorized to be issued, and the names of the parties involved in the formation.

The definition of a charter is a grant of power to an organization or to an institution, defining the function, rights, obligations or privileges. An example of charter is when a college is founded and a document made to outline the policies of the college.

Requirements of Corporate Charters Corporate charters are filed with the state secretary in which the corporation is located. Typically, the state in which the company is located charges a filing fee to process the corporate charter. Some government websites provide templates for corporate charters.

A corporate charter?also known by the term articles of incorporation?is a legal document that the founders of a corporation file with the secretary or registrar of the state in which they intend to operate. Only upon approval of the charter does the business become an officially recognized corporate entity.

What Are the Contents of a Project Charter? A project charter should always include an overview, an outline of scope, an approximate schedule, a budget estimate, anticipated risks, and key stakeholders.

A congressional or federal charter is a federal statute that establishes a corporation. Congress has issued charters since 1791, although most charters were issued after the start of the 20th century.

Project plan. A project charter should only include three elements: your project objectives, scope, and responsibilities. Once your charter has been approved, you should then create a project plan. Your project plan builds on your project charter to provide a more in-depth blueprint of the key elements of your project.