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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 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.

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.

The corporation's founders must create and file the charter before they start running the business. The charter establishes the basic elements of the corporation, such as the activities the business will engage in. Corporations have to give reasons for their creation or state a purpose.

Corporation. A corporation is a legal entity, operating under state law, whose scope of activity and name are restricted by its charter. Articles of incorporation must be filed with the state to establish a corporation.

A corporate charter, also known as a "charter" or "articles of incorporation," is a written document filed with the Secretary of State (or registrar in Canada) by the founders of a corporation. It details the major components of a company, such as its objectives, structure, and planned operations.