What Are Some Common Aspects of a Corporate Charter?
A corporate charter–which is also known as the articles of incorporation–is a document that is filed with the Secretary of State of a particular state when a company is incorporated in that state. The charter sets forth the goals and purpose of the company. While the requirements of a charter differ depending on the state, the size of the company and the type of company (for-profit or nonprofit), there are several things that all charters will have in common. Corporate Name The corporate charter must clearly identify the name of the company. This can also be known as a DBA, or Doing Business As name. The name must be unique in your state, and should not violate any registered copyrights or trademarks. For corporations, the name must also include the suffix Incorporated or Inc., Corporation or Corp., or Limited or Ltd. Purpose The purpose of the company should be explicitly stated in the charter. For nonprofit companies, this statement of purpose is even more important as the statemen
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