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Corporate Charter
A Corporate Charter for a startup is a foundational legal document that establishes the company as a separate legal entity. It outlines the startup’s structure, purpose, and governance, serving as a blueprint for its operations.
A structured Corporate Charter typically includes:
- Company Name: The official registered name of the startup.
- Business Purpose: A statement defining the startup’s mission and activities.
- Registered Agent: The designated individual or entity responsible for legal correspondence.
- Share Structure: Details on stock issuance, including types of shares and ownership distribution.
- Incorporators: The individuals or entities responsible for forming the startup.
- Board of Directors: Names and roles of initial directors, along with governance rules.
- Bylaws Reference: A mention of internal rules governing the startup’s operations.
- Legal Jurisdiction: The state or country where the startup is incorporated.
Startups often file their Corporate Charter with the relevant government agency, such as Bolagsverket in Sweden or the Secretary of State in the U.S. This document is crucial for securing investor confidence and ensuring compliance with corporate laws.
Written by Swedish Ventures, Rolf Olsson. Remarks to this article could be sent to glossary@swedishventures.se.
ASO: DD-02-12