Document background
The Memorandum of Association for a Company Limited by Guarantee is a crucial document in Belgian corporate law, typically used when establishing non-profit organizations, professional associations, or social enterprises where traditional share capital is not suitable. This document is required under the Belgian Code of Companies and Associations and must be prepared and executed when founding a company where members provide guarantees instead of purchasing shares. It contains essential information about the company's structure, objectives, governance, and the specific guarantee commitments of its members. The memorandum must be drafted in compliance with Belgian legal requirements, including specific provisions for companies limited by guarantee, and requires notarization before being registered with the Belgian Enterprise Registry. This document type is particularly relevant for organizations focused on social, educational, or charitable purposes, where profits are reinvested rather than distributed to members.
