The Memorandum of Association of Software Development Company is a critical incorporation document required when establishing a software development business in the United States. It must be filed with the state's Secretary of State or equivalent authority and serves as the company's charter. This document outlines the company's fundamental characteristics, including its name, registered office, business objectives, share capital structure, and the nature of limited liability. It's particularly important for software development companies as it typically includes specific provisions for intellectual property protection, technology development activities, and digital assets management. The document forms part of the company's constitution and is publicly accessible through state records.
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1. Company Name and Formation: Legal name of the company and declaration of incorporation
2. Registered Office: Official address and registered office location
3. Purpose and Objects: Primary business objectives and permitted activities, including software development services
4. Share Capital: Details of authorized share capital and share classes
5. Liability: Statement of limited liability of members
6. Initial Subscribers: Names and details of founding members/shareholders
1. Special Rights: Special rights attached to different share classes, used when multiple share classes are planned
2. Pre-emptive Rights: Rights of existing shareholders for new share issues, used when protecting existing shareholders' interests
3. Intellectual Property Provisions: Special provisions for IP ownership and protection, recommended for software development companies
1. Schedule A - Initial Shareholders: Detailed list of initial shareholders and their shareholdings
2. Schedule B - Share Capital Structure: Detailed breakdown of share classes and associated rights
3. Schedule C - Initial Directors: List of first directors and their details
4. Schedule D - Intellectual Property: List of initial IP assets being transferred to company, including software assets and technologies
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