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Foundation Articles Of Incorporation Template for Denmark

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Foundation Articles Of Incorporation

I need Foundation Articles of Incorporation for establishing a commercial foundation in Denmark by March 2025, to transition our family-owned manufacturing business (valued at approximately 50 million DKK) into a foundation structure that will ensure long-term business continuity and family legacy.

What is a Foundation Articles Of Incorporation?

Foundation Articles of Incorporation are essential documents required when establishing a foundation in Denmark, whether for charitable, family, or commercial purposes. This foundational document must comply with the Danish Foundation Act and, where applicable, the Commercial Foundations Act. It is used to register the foundation with the Danish Business Authority (Erhvervsstyrelsen) and serves as the constitutional framework governing all aspects of the foundation's existence. The Articles must include specific provisions about the foundation's purpose, initial capital (minimum requirements apply), governance structure, and distribution policies. They form a permanent record of the founder's intentions and establish binding rules for how the foundation will operate, how its assets will be managed, and how its objectives will be pursued. The document is particularly crucial as foundations in Denmark are perpetual entities that typically cannot be dissolved or substantially modified once established.

What sections should be included in a Foundation Articles Of Incorporation?

1. Name and Location: Official name of the foundation and its registered address in Denmark

2. Purpose and Activities: Detailed description of the foundation's charitable or business purpose and intended activities

3. Initial Capital: Statement of the foundation's initial capital and assets, including details of how they are contributed

4. Board of Directors: Structure, composition, appointment process, and terms of the board

5. Board Powers and Responsibilities: Detailed outline of board authority, duties, and decision-making processes

6. Meeting Procedures: Rules for board meetings, including frequency, notice requirements, quorum, and voting procedures

7. Financial Management: Principles for managing the foundation's assets and distribution of funds

8. Annual Reporting: Requirements for financial statements and annual reports

9. Amendments: Procedures for amending the articles of incorporation

10. Dissolution: Procedures for dissolution and distribution of remaining assets

What sections are optional to include in a Foundation Articles Of Incorporation?

1. Executive Management: Required for larger foundations with day-to-day management separate from the board

2. Advisory Board: For foundations wanting additional expert guidance structure

3. Grant-Making Procedures: For foundations that will distribute grants or scholarships

4. Commercial Activities: Required if the foundation will engage in business operations

5. Conflict of Interest: Detailed procedures for handling conflicts of interest, recommended for larger foundations

6. Branch Offices: For foundations planning to operate in multiple locations

7. International Operations: For foundations planning to operate across borders

What schedules should be included in a Foundation Articles Of Incorporation?

1. Schedule 1: Initial Assets: Detailed inventory and valuation of initial foundation assets

2. Schedule 2: Founder's Declaration: Formal declaration of the founder's intent and initial contributions

3. Schedule 3: First Board Members: List of initial board members with their details and acceptance

4. Schedule 4: Grant-Making Policies: Detailed procedures and criteria for grant distribution if applicable

5. Schedule 5: Organizational Structure: Detailed organizational chart and reporting lines

6. Appendix A: Code of Conduct: Ethical guidelines for board members and management

7. Appendix B: Financial Management Procedures: Detailed procedures for handling foundation's finances

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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