over to corporation -- Chenyu |
over to corporation -- Chenyu Yes, we might have a problem with language. "Company" is used to refer to businesses comprised of multiple people. These can be huge multi-national corporations, partnerships, or even single proprieterships and single-owner corporations. The important distinction is that a company has multiple people in the company, owner, clerks, staff, etc. So a company can have a single owner but employ hundreds of people. As for "charter", I believe that word isn't used much in the USA. A company is founded, or licensed, or incorporated (depending on the type of company). As for the states, the USA is a union of quasi-national states, a federation of states. Each state has its own business regulations, and the federal government has jurisdiction only over those activities which cross state borders (inter-state commerce). |