A legal document that establishes the formation of a corporation. Issued by a federal or state government, the charter converts a business entity, such as a partnership or sole proprietorship, into a legally recognized corporation. The charter typically includes the corporation’s name, principal office location, date of incorporation, the types and amounts of stock to be issued, and any restrictions on business activities or future share issuances. It also outlines key information such as the corporation’s profit or nonprofit status, purpose, registered agent details, financial data, board composition, and ownership structure. The charter is filed with the Secretary of State in the state where the corporation is incorporated.
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