charter

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Charter

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Articles of Incorporation

A document outlining the basic functions of a company. Among other things, it states whether it will be an S Corporation or a C Corporation and how many authorized shares there will be. It also states how its corporate governance and operations will work. A company that seeks to incorporate must file articles of incorporation with the appropriate authority. In the United States, that authority is usually the states and sometimes the federal government. It is also called a corporate charter or simply a charter. See also: Charter Amendment Limitations.
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charter

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Since 2004, Discount Transportation LLC has provided reliable and affordable airport shuttle, bus charter, taxi, and car services in the greater Tallahassee area.
Brooklyn, NY, April 11, 2012 --(PR.com)-- Monsey Tours, one of the New York metropolitan area's top bus charter companies, is now promoting its expanded line of commuter services to businesspeople.