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Articles Of Association Of One Person Company Template for United States

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Key Requirements PROMPT example:

Articles Of Association Of One Person Company

"I need Articles of Association of One Person Company for my new tech startup based in Delaware, with specific provisions for future expansion and the possibility of converting to a multi-member corporation by January 2025."

What is a Articles Of Association Of One Person Company?

Articles of Association of One Person Company serve as the constitutional document for businesses owned and operated by a single individual. This document is particularly relevant in the United States where entrepreneurs seek to establish formal corporate structures while maintaining sole ownership. It includes essential provisions for corporate governance, share capital structure, management procedures, and compliance requirements. The document is crucial for maintaining limited liability protection and establishing clear operational guidelines. While not all US states explicitly recognize OPCs, this structure can be adapted within existing corporate frameworks, typically aligning with single-member LLC or sole proprietorship regulations.

What sections should be included in a Articles Of Association Of One Person Company?

1. Name and Formation: Details of company name, type, and incorporation details

2. Registered Office: Address and details of the company's registered office

3. Sole Member Details: Information about the single member/shareholder

4. Share Capital: Details of authorized share capital and structure

5. Management Structure: Governance structure and management procedures

6. Board of Directors: Appointment, removal, and powers of directors

What sections are optional to include in a Articles Of Association Of One Person Company?

1. Nominee Director: Provisions for alternate director in case the primary member is unavailable

2. Corporate Social Responsibility: Company's commitment to social responsibilities and related policies

3. Branch Offices: Provisions for establishing and managing branch offices

What schedules should be included in a Articles Of Association Of One Person Company?

1. Schedule A - Share Capital Details: Detailed breakdown of share structure and allocation

2. Schedule B - Initial Member Details: Complete information about the sole member including identification and contact details

3. Schedule C - Forms and Procedures: Standard forms for company operations and compliance

4. Appendix 1 - Company Rules: Internal rules and procedures for company operation

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Industries

Internal Revenue Code: Federal tax regulations that govern the taxation of the One Person Company, including corporate tax obligations and filing requirements

Securities Act of 1933: Federal law governing the issuance of securities, relevant if the OPC plans to issue any form of securities or raise capital

Securities Exchange Act of 1934: Federal law regulating secondary trading of securities and establishing reporting requirements for certain companies

Federal Trade Commission Regulations: Federal regulations governing business practices, consumer protection, and fair competition

State Corporation Laws: State-specific laws governing the formation, operation, and dissolution of corporations, varying by jurisdiction

State LLC Acts: State laws governing Limited Liability Companies, which may be relevant as an alternative structure to OPC in some jurisdictions

State Business Corporation Acts: Comprehensive state legislation governing corporate entities, including formation, governance, and operational requirements

State Filing Requirements: Specific documentation and procedures required by each state for business registration and ongoing compliance

Secretary of State Requirements: State-specific regulations and filing requirements administered by the Secretary of State's office

State Tax Regulations: State-specific tax laws and requirements applicable to corporate entities

State Business Licensing Requirements: Specific permits and licenses required to operate a business in the state

Delaware General Corporation Law: Comprehensive corporate law framework if incorporating in Delaware, often used as a model for other states

Sarbanes-Oxley Act: Federal law establishing enhanced standards for corporate governance and financial disclosure, may be applicable depending on company size and structure

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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