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Social Enterprise Articles Of Association Template for United States

The Social Enterprise Articles of Association is a foundational document under United States law that establishes the governance structure, purpose, and operational framework of a social enterprise. It combines traditional corporate elements with specific provisions for social impact measurement, asset locks, and stakeholder consideration. This document ensures the organization maintains its dual mission of generating both financial returns and social/environmental impact while complying with relevant state and federal regulations.

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What is a Social Enterprise Articles Of Association?

Social Enterprise Articles of Association are essential governing documents used when establishing a social enterprise in the United States. They define how the organization will balance profit-making activities with social impact, incorporating specific provisions for asset locks, stakeholder engagement, and impact measurement. These articles are particularly important in states with specific benefit corporation or social enterprise legislation, ensuring compliance while protecting the organization's social mission. The document typically includes provisions for governance, shareholding structure, decision-making processes, and mechanisms for maintaining social purpose.

What sections should be included in a Social Enterprise Articles Of Association?

1. Company Name and Details: Legal name, registered address, and type of social enterprise entity

2. Purpose and Social Mission: Statement of social/environmental purposes and mission

3. Definitions: Key terms used throughout the articles

4. Share Capital Structure: Details of share classes and rights attached

5. Members' Rights and Obligations: Rules governing membership, voting rights, and responsibilities

6. Board Structure: Composition, appointment, and removal of directors

7. Decision Making: Procedures for board and member decisions

8. Asset Lock Provisions: Rules protecting assets for social purpose

What sections are optional to include in a Social Enterprise Articles Of Association?

1. Community Interest Provisions: Additional provisions required if registering as a Community Interest Company or similar social enterprise structure

2. Profit Distribution Rules: Specific rules and limitations regarding dividend distribution and profit allocation

3. Stakeholder Involvement: Formal mechanisms for stakeholder participation and engagement in governance

What schedules should be included in a Social Enterprise Articles Of Association?

1. Share Capital Table: Detailed breakdown of share structure and ownership

2. Social Impact Metrics: Defined measures and frameworks for social impact assessment

3. Board Committees: Terms of reference for standing committees

4. Asset Lock Details: Specific provisions and mechanisms for asset protection and social mission preservation

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

Jurisdiction

United States

Cost

Free to use

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