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Memorandum Of Association Of A Real Estate Company Template for England and Wales

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Key Requirements PROMPT example:

Memorandum Of Association Of A Real Estate Company

"I need a Memorandum of Association of a Real Estate Company for a new property development business launching in Manchester, with three founding shareholders and an initial share capital of £500,000, focusing on residential property development and management."

Document background
The Memorandum of Association of a Real Estate Company is a mandatory document required when incorporating a company in England and Wales. It serves as the company's founding charter, outlining its fundamental characteristics and powers. This document is particularly crucial for real estate businesses as it defines their scope of operations, whether in property development, management, or agency services. The memorandum must comply with the Companies Act 2006 and includes essential information such as the company's name, registered office, business objectives, and details of initial shareholders. It forms part of the company's constitution and is filed with Companies House during incorporation.
Suggested Sections

1. Company Name: The official registered name of the company

2. Registered Office: Statement of the company's registered office location in England and Wales

3. Object Clause: Primary business activities of the real estate company

4. Liability Clause: Statement of members' limited liability

5. Capital Clause: Details of share capital and initial shareholding structure

Optional Sections

1. Additional Business Activities: Supplementary business activities beyond core real estate operations - used when company plans to diversify operations

2. Geographic Scope: Specific regions of operation - used when company wants to limit or specify operational areas

Suggested Schedules

1. Initial Shareholders: List of founding shareholders and their shareholdings

2. Share Classes: Details of different share classes if applicable

3. Initial Directors: List of first directors of the company

4. Professional Memberships: List of professional bodies and organizations the company will join

Authors

Alex Denne

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

Relevant legal definitions






















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Relevant Industries
Relevant Teams
Relevant Roles
Industries

Companies Act 2006: Primary legislation governing company formation and operation in the UK, particularly sections 7-9 regarding memorandum requirements and section 31 regarding company name requirements

Estate Agents Act 1979: Core legislation that regulates the conduct of estate agencies and defines requirements for estate agency businesses

Companies (Trading Disclosures) Regulations 2008: Regulations specifying requirements for displaying company information and trading disclosures

Money Laundering Regulations 2017: The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017, particularly relevant for real estate transactions

Consumer Protection from Unfair Trading Regulations 2008: Regulations affecting how the company can market properties and engage with consumers

Property Ombudsman Scheme: Mandatory membership requirements and compliance standards for estate agents

Data Protection Act 2018: Legislation governing handling of client data and privacy requirements, including UK GDPR compliance

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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