Articles of Incorporation, also known as a corporate charter, are a set of formal documents filed with a government body to legally document the creation of a corporation in the United States.
A corporate charter is a legal document that establishes a corporation's existence and outlines its basic operational structure, rights, and responsibilities. Also known as articles of incorporation, it is filed with the state government and includes key details about the corporation.
Shares authorized refer to the number of shares of stock specified in a company's Articles of Incorporation, which the company is permitted to issue. This figure is displayed in the capital accounts section of a company's balance sheet and typically exceeds the shares issued and outstanding.
