A statute is a legal statement that all initial shareholders must sign stating that you accept the incorporation of the company. Even if you are the sole shareholder, a statute must be filed with Companies House. The documentation that you must submit when setting up a limited liability company consists of two parts: the articles of association and the articles of association. Both are included in the template that you can download from Farillio above. The Statutes and Statutes template contains italicized words that you need to replace, for example. B the names of the shareholders and the company. Read on to learn more about what an association protocol means in the UK and download a free template to make the process as painless as possible. If you form a limited liability company, you will need a company deed and articles of association. While there is a standard set of simple items for new businesses, you may want to send custom items to Companies House as part of the incorporation process.

A protocol of association constitutes the statutes of the company. It is a legal document that is created during the process of incorporation and registration of a company to define its relationship with shareholders, and it sets out the purposes for which the company was founded. The company may only carry out the activities mentioned in the Memorandum of Association. As such, the MoU sets the limit beyond which the company`s actions cannot go. The articles of association contain the rules and regulations on the basis of the Companies Act that govern the company`s business activities. This document covers different areas, and we have listed some of the areas below; The second part of the document, the articles of association, is much longer and is divided into five parts: The format of a memorandum of understanding is given in tables A to E, depending on the type of company. A company may adopt the schedule applicable to it; For example, Table A for a limited liability company concerns shares and Table B for a limited liability company that has share capital, etc. The first part of the document is the company memorandum and only requires the names and signatures of all shareholders. Articles are the rules under which the shareholders, directors and secretary of the corporation (if any) agree to direct the corporation. Your email address is used by Simply Business to keep you up to date with the latest news, offers and tips. You can unsubscribe from these emails at any time.

Simply Business Privacy Policy. That`s why Farillio offers customizable templates that allow you to create the documentation you need. The instrument of incorporation helps shareholders, creditors and any other person involved in the company to know the fundamental rights and powers of the company. In addition, the content of the MoU helps potential shareholders make the right decision when considering investing in the company. The template uses very general terminology in each of these sections, so it can be used unchanged. Alternatively, if you wish to add more specific obligations or provisions, these must be agreed upon by all parties signing the document. We will now guide you through each section of the Memorandum of Association giving you a breakdown of what it contains; Upload your template now or get it directly from Farillio`s website, where you also have access to the full range of customizable legal templates. Please note that companies may make certain amendments to the articles of association if they wish.

For example, you can change the number of directors required to call a formal company meeting or make a decision. However, in most cases, the articles of association document is usually not affected as it contains a general guide that can provide instructions on how to conduct the affairs of the company. The Memorandum of Understanding must be signed by at least 2 subscribers in the case of a limited liability company and 7 members in the case of a joint-stock company. As one of the UK`s largest corporate insurers, we specialise in liability insurance and protect more businesses than anyone else. Why not take a look now and create a quick and bespoke quote? Iii. Other Purposes: Any other purpose that the Company may pursue that is not covered by points (a) and (b) above. Here are some more free templates that might help your business: The Association Protocol (MoA) includes the following clauses: You can also review the regulations Once everyone involved in the incorporation process has agreed to the terms set out in the document, you will all need to sign it before you can submit it to Companies House. .