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An organizational charter, also known as a project charter, is a critical document that outlines the purpose, scope, and participants of a project or organization. It serves as a roadmap, guiding the team's actions and setting the stage for the project's or organization's success.

In addition to the limited liability of the shareholders, these include tax deductions on expenses, access to capital by selling stock and the flexible transfer of ownership. The charter also serves as a guide for the corporation, detailing its goals and providing a general sense of how to realize them.

A form of trading company that developed from the European medieval trading guilds and was prominent in the late 16th and 17th centuries. The discovery by explorers of India and America stimulated individual merchants into forming groups, safeguarded by royal charter in order to monopolize trade.

In 1215, the earliest famous example of a charter was the Magna Carta, which established the rights of the people of England. Colonial charters occurred in the 16th and 17th centuries and established the Thirteen Colonies of America. Today, most corporations need to be granted a charter to be legally recognized.

An incorporator must draft and submit documents to the secretary of state in the state where the business will be incorporated. The name, purpose of the corporation, and initial capital structure, such as the number and classes of shares, must be listed in the charter.

A chartered company is an association with investors or shareholders that is incorporated and granted rights (often exclusive rights) by royal charter (or similar instrument of government) for the purpose of trade, exploration, and/or colonization.

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.