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While detailed requirements vary from state to state, a corporate charter usually includes the following: Corporation name and address. Purpose of the corporation. For-profit or nonprofit status. Registered agent name and address. Number of authorized shares. Share classes and their par values. Corporate directors.

Upon the formation of a corporation, its founders submit a corporate charter. This document, which is mandatory in every state, establishes the legitimacy of an incorporated business.

A corporate charter is a grant made by a governmental body giving a group of individuals the power to form a corporation, or limited-liability company. A municipal charter is a law passed by a government allowing the people of a specific locality to organize themselves into a municipal corporation?i.e., a city.

Chartered company: A chartered company's nature and powers of business are specified by the charter which establishes it. Royal Chartered Company is another name of the chartered companies. Bank of England, East India Company, British Broadcasting Corporation (BBC), etc. are some examples of chartered companies.

A charter document is a legal document granting specific rights and responsibilities to a group of people. These include institutions, colonies, cities, and corporations. A charter is a formal outline of how an institution is supposed to be established by its structure and purpose.

A corporate charter definition may also be known as the Articles of Incorporation. Regardless of the terminology used, all states require this documentation for a business to incorporate, as it defines the overall purpose of the business and governing or managerial structure.

Upon the formation of a corporation, its founders submit a corporate charter. This document, which is mandatory in every state, establishes the legitimacy of an incorporated business.