A Corporate Charter is a legal document that establishes a corporation's existence and outlines its basic structure. It is filed with the state government and includes essential information such as the corporation's name, purpose, and the number of shares it can issue. This document serves as the foundation for the corporation's operations and governance. Once approved, the corporate charter grants the corporation certain rights and responsibilities under the law. It also helps protect the interests of shareholders and defines the roles of the board of directors. Overall, the charter is crucial for ensuring compliance with state regulations and guiding corporate activities.