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Limited Liability Company Frequently Asked Questions
What is a memorandum of association?
A memorandum of association document sets out
The memorandum of association confirms the subscribers’ intention to form a company and become members of that company on formation. In the case of a company that is to be limited by shares, the memorandum will also provide evidence of the members’ agreement to take at least one share each in the company. Information on capital and shareholdings is no longer part of the memorandum.
Once the company has been incorporated, the memorandum will no longer affect the ongoing operation of the company and it cannot be amended. It will become, to a large extent, a historical document.