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Business Articles Of Organization
"I need Business Articles of Organization drafted for a technology startup planning to establish in Dubai Internet City by March 2025, with three international shareholders and provisions for future venture capital investment."
1. Company Name and Legal Form: Specifies the company's legal name, trade name if any, and chosen legal form (LLC, Private Joint Stock, etc.)
2. Registered Office: States the company's official address and principal place of business in the UAE
3. Objects of the Company: Details permitted business activities and scope of operations
4. Duration: Specifies the duration of the company (usually indefinite unless stated otherwise)
5. Capital Structure: Details the company's share capital, number of shares, and value per share
6. Shareholders: Lists all shareholders and their respective shareholdings
7. Management Structure: Defines the management framework, including managers' appointments and powers
8. General Assembly: Outlines procedures for shareholder meetings and voting rights
9. Financial Year and Accounts: Specifies the financial year and requirements for accounting records
10. Profit Distribution: Details how profits and losses will be distributed among shareholders
11. Dissolution and Liquidation: Procedures for company dissolution and asset distribution
1. Branch Offices: Include when the company plans to establish branches within or outside the UAE
2. Share Transfer Restrictions: Additional provisions restricting share transfers beyond statutory requirements
3. Preemptive Rights: Detailed provisions for existing shareholders' rights in new share issuances
4. Tag-Along Rights: Protection for minority shareholders in case of majority stake sale
5. Non-Competition Clause: Restrictions on shareholders' involvement in competing businesses
6. Dispute Resolution: Specific procedures for resolving internal disputes, including arbitration provisions
7. Executive Committee: When additional management layer between board and executive management is needed
8. Reserved Matters: List of decisions requiring special majority or unanimous approval
1. Schedule 1 - Initial Shareholders: Detailed information about founding shareholders including ID numbers and contact details
2. Schedule 2 - Share Capital Contributions: Breakdown of initial capital contributions and payment schedule
3. Schedule 3 - Management Structure: Detailed organizational structure and reporting lines
4. Schedule 4 - Licensed Activities: Complete list of approved business activities with DED codes
5. Appendix A - Shareholders' Contact Information: Full contact details and addresses of all shareholders
6. Appendix B - Initial Board Members: Details of initial board members including their qualifications and positions
7. Appendix C - Specimen Signatures: Authorized signatures for company operations
8. Appendix D - Power of Attorney Templates: Standard formats for delegating authority to managers or representatives
Authors
Real Estate
Manufacturing
Retail
Professional Services
Technology
Healthcare
Financial Services
Construction
Hospitality
Trading
Education
Transportation and Logistics
Media and Entertainment
Energy
Telecommunications
Legal
Corporate Affairs
Compliance
Finance
Corporate Governance
Board Secretariat
Risk Management
Operations
Executive Leadership
Administrative
Shareholder Relations
CEO
Managing Director
Legal Counsel
Company Secretary
Chief Financial Officer
Compliance Officer
Corporate Governance Officer
Board Member
Shareholder Relations Manager
Business Development Manager
Risk Manager
Operations Director
General Manager
Corporate Affairs Manager
Legal Administrator
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