Corporate Charter Number
A corporation is an entity that conducts business.It is formed according to the laws of the state in which it is formed and registered.When a corporation is created, the shareholders in the corporation exchange money or property for the corporation's capital stock.Corporations file tax returns with the federal government and also with the state in which they are located if the state requires it.Corporations can take some deductions that a sole proprietorship cannot take,but corporations also usually take the same deductions that sole proprietorships take.
2.1 Basics
Because corporations conduct business,they have net income or loss,distribute profits to shareholders and pay taxes.Corporations have names that may or may not include the name or names of the owners.However,corporations are often set up with a name that does not reference the owners.The name of the corporation is one way to identify it,but there is another way as well.
2.2 Charter Number
Corporations are set up by registering with the state they choose as their headquarters to conduct business.Usually the corporation is registered with the secretary of state's office or corporate division for that state.The corporate officer fills out a registration form and the state issues the business a charter,or business, number that is used to identify that corporation in that state.
2.3 Uses
Every year,states require corporations to file an annual report.This is not the same thing as a tax return filed with the federal or state government.When filing the annual report,the corporation uses its charter number on the form to identify itself to the state.
2.4 Miscellaneous
If you lose track of your corporate charter number,most states allow you to look up the corporation by its name to retrieve the charter number.Among the advantages of corporations is that they can sue or be sued,which protects the individuals running the corporation from being sued personally because of something the business did.
2.5 How to Revoke a Corporate Charter
A corporate charter at the most basic level is a legal document that will include standard material about the formation of a corporation.It will include the corporation's name,the number of shares that are authorized to be issued to various parties,the organization's purpose and the names of all the parties involved in the formation of the company.This is generally the first document in the life of a corporation.Revoking this legal document must be completed through legal terms and with the participation of each entity identified as part of the corporation.The instructions will be as follows:
Contact an attorney to represent your side in revoking the corporate charter documents that were filed with the birthing of the corporation.You will likely need legal representation to cancel a legal,taxation document such as a corporate charter.
Contact the corporate charter division of your state government.Speak with the proper individuals that have the paperwork and information about your corporate charter and all the relevant information that pertains to that legal document.
Submit a legal document that was designed and reviewed by your attorney, identifying the reasons you wish to revoke the corporate charter—either as an individual within a group of partners or as a group dissolving a corporation—in combination with all the articles of dissolution.Legal cancellation forms are available online if you are not represented by an attorney.
Insert the name and address of each member designated to wind up the company's affairs or,if there was not one individual designated to this job,use the names and addresses of all members of the company when submitting your cancellation to the state.Add the necessary signatures and submit the legal documents to revoke the corporate charter.