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What is a form of business ownership that operates under a charter issued by the state is called?

April 26, 2017Business called Charter form issued operates ownership State

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What is a form of business ownership that operates under a charter issued by the state is called?

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A corporate charter is a right issued by any state of the the United States for a corporation to do business in that state. The charter establishes the rules under which the corporation can do business which are much the same from state to state.