Simple Explanation:
Formal charges serve as a method to figure out what the most stable structure of a molecule would be. This protocol ensures the accuracy of drawing Lewis structures.
The formula for calculating the formal charge of an atom in a Lewis structure is:
FC = V - N - B/2
FC: Formal Charge
V: Valence Electrons
N: Non-bonding Electrons (Lone Pairs)
B: Bonded Electrons
A shortcut for this formula would be to replace B/2 with (# of Bonds), as there are two electrons per bond, one from each atom.
Add the formal charges (FC) of atoms in a molecule together. The closer the sum is to the charge of the actual compound, the more stable the Lewis structure is.
Calculating Formal Charges: