The State Extended Benefits extends benefits for up to 13 additional weeks. State Extended Benefits are available for individuals who have exhausted all regular unemployment insurance and all Emergency Unemployment Compensation (EUC), First, Second, Third and Fourth Tier on or after February 15, 2009.
DEFINITION of 'Corporate Charter'. A written document filed with a U.S. state by the founders of a corporation detailing the major components of a company such as its objectives, its structure and its planned operations. If the charter is approved by the state government, the company becomes a legal corporation. Also referred to as charter and articles of incorporation.
A C corporation is a business term that is used to distinguish this type of entity from others, as its profits are taxed separately from its owners under subchapter C of the Internal Revenue Code. In an S corporation, the profits are passed on to the shareholders, and are taxed based on personal returns. As opposed to a sole proprietor or an LLC, corporations are usually at a lower risk of being audited by the government. 2  The owners and the shareholders of a C corporation have a limited liability towards business debts.