Articles of Association
  • About this Document
    • General Information
    • Directors
    • Shares
  • Complete the Document
    • Format & Signatures

General Information

  • Indicate the company's full name, including the prefix "Ltd" or "Limited":

  • Select the date on which the document is being signed by all founders:

  • How many founders shall sign this agreement?

Directors

  • Are the company's directors permitted to dispose of all or any part of the company's business without the prior approval of the shareholders?

  • Are the directors permitted to acquire or dispose of any shares on behalf of the company without the prior approval of the shareholders?

  • Does the chairperson have a casting vote at directors' meetings if the votes are equally divided?

  • Is a director permitted to appoint an alternate director?

    !

    An alternate director is a person appointed by a director to act in their place when the director is unable to attend meetings or perform their duties. The alternate director may exercise the appointing director’s powers and responsibilities, subject to the company’s articles of association and the terms of their appointment.

Shares

  • Will the shares in the company be fully paid?

    !

    Fully paid shares are shares for which the shareholder has paid the full issue price. Once fully paid, the shareholder has no further obligation to contribute additional money to the company in respect of those shares.

  • Shall the remaining shareholders have a right of first refusal if another shareholder wishes to sell their shares to a third party?

    !

    A pre-emption right (also known as a right of first refusal) gives the existing shareholders the first opportunity to purchase shares that another shareholder intends to sell. The selling shareholder must first offer the shares to the remaining shareholders on the same terms before transferring them to a third party.

  • Shall the right of first refusal apply to transfers of shares to a spouse, civil partner, widow or widower, or child?

    !

    A permitted transfer allows a shareholder to transfer their shares to specified family members or other approved persons without first offering the shares to the other shareholders under the right of first refusal. This exception helps facilitate transfers within a shareholder’s immediate family while preserving the company’s ownership structure.

  • Should this agreement include a list of compulsory transfer events requiring a shareholder to sell their shares?

  • Do you want to add a signature?

  • Add signature:

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