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Memorandum Of Association Of Software Development Company
"I need a Memorandum of Association of Software Development Company for my new AI-focused software development startup, which will be incorporated in March 2025 with three founding shareholders and an initial share capital of £50,000, split into ordinary and preference shares."
1. Company Name: Statement of the company's registered name and its intended suffix (e.g., Limited or Ltd)
2. Registered Office: Declaration that the company's registered office will be situated in England and Wales
3. Objects Clause: Primary statement defining the company's main business activities in software development and related services
4. Limited Liability: Statement declaring that the liability of members is limited to the amount unpaid on shares
5. Share Capital: Details of the company's initial share capital, including the total number and nominal value of shares
1. Additional Business Activities: Supplementary business activities beyond core software development, such as consulting, training, or hardware sales
2. Restricted Objects: Specific limitations or restrictions on company activities to ensure compliance with specific regulations or business focus
3. International Operations: Provisions for conducting business internationally, including establishment of overseas offices
1. Schedule 1: Initial Shareholders: List of founding shareholders with their respective shareholdings and contact details
2. Schedule 2: Share Classes: Detailed description of different share classes including rights, dividends, and voting powers
3. Schedule 3: Initial Directors: List of first directors upon incorporation with their details and service addresses
4. Schedule 4: Subscriber Information: Detailed information about the subscribers to the memorandum, including signatures and dates
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