Articles of Organisation for Sole Proprietorship serves as a foundational document for sole traders operating in England and Wales. While sole proprietorships don't require formal registration or incorporation under English law, this document provides a structured framework for business operations. It typically includes details about business identity, operational procedures, financial management, and decision-making processes. The document is particularly valuable for establishing credibility with stakeholders, securing financing, and planning for business growth. It can also serve as a reference point for future business decisions and potential business structure changes.
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1. Business Details: Legal name, trading name, and contact information of the business
2. Purpose: Nature and scope of business activities
3. Ownership: Declaration of sole proprietorship
4. Financial Provisions: Banking arrangements and financial management principles
5. Management: Decision-making authority and operational control
1. Succession Planning: Provisions for business continuation or transfer in case of death, incapacity, or voluntary transfer
2. Employee Relations: Basic principles for managing employees and HR policies if the business plans to hire staff
3. Intellectual Property: Protection and management of business intellectual property assets
4. Data Protection: Policies and procedures for handling personal data in compliance with UK GDPR
1. Business Plan: Detailed business strategy, objectives, and growth plans
2. Asset Register: Comprehensive list of business assets and their ownership status
3. Operating Procedures: Standard operating procedures and business policies
4. Insurance Details: Schedule of business insurance policies and coverage details
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