A corporation may become chartered by applying to the federal government.

Question

Quizplus · Accepted Answer

In the United States, corporations are typically chartered at the state level rather than the federal level. When a group of individuals wants to form a corporation, they must apply to a specific state's Secretary of State (or similar regulatory body) to obtain a corporate charter, also known as articles of incorporation. The process involves submitting a series of documents that outline the corporation's structure, purpose, and governance, along with the payment of a fee.
The federal government does not generally issue corporate charters, except for certain types of business entities that require national authorization to operate, such as national banks or corporations created by an act of Congress for specific purposes. Most businesses, however, will deal with state governments for their incorporation needs.
Each state has its own set of laws and regulations governing the incorporation process, and these can vary significantly from state to state. Businesses often choose to incorporate in a state whose laws are favorable to corporate operations, such as Delaware, which is known for its business-friendly legal environment.
In summary, while a corporation may become chartered by applying to a state government, it is not common practice to apply to the federal government for a corporate charter, except in specific and limited circumstances.

A Corporation May Become Chartered by Applying to the Federal