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Memorandum Of Association Of A Single Member Company

Memorandum Of Association Of A Single Member Company Template for Ireland

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Memorandum Of Association Of A Single Member Company

"I need a Memorandum of Association of a Single Member Company for my new tech consultancy business in Ireland, with an authorized share capital of €100,000 divided into 100,000 ordinary shares of €1 each, to be registered by March 2025."

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Document background
The Memorandum of Association of a Single Member Company is a crucial incorporation document required when establishing a private company limited by shares with a single member in Ireland. This document must be filed with the Companies Registration Office (CRO) and complies with the requirements set out in the Companies Act 2014. It contains essential information about the company's formation, including the company name, registered office location, objects clause, and share capital structure. The document is particularly relevant for entrepreneurs and individuals looking to establish their own business with limited liability protection while maintaining sole ownership. The format and content must strictly adhere to Irish legal requirements, and while template versions exist, it's often customized to meet specific business needs and objectives.
Suggested Sections

1. Company Name Clause: States the name of the company with 'Limited' or 'Ltd' as the last word

2. Registered Office Clause: Declares that the registered office of the company will be situated in Ireland

3. Objects Clause: Sets out the primary purposes for which the company is established and the nature of the business to be conducted

4. Limited Liability Clause: States that the member's liability is limited to the amount unpaid on shares

5. Share Capital Clause: Specifies the authorized share capital of the company and how it is divided into shares

6. Single Member Declaration: Declaration stating that the company is a single member company and identifying the sole member

Optional Sections

1. Additional Powers: Optional clause listing specific powers the company may exercise in pursuit of its objects (recommended for companies with specialized activities)

2. Pre-incorporation Expenses: Optional clause dealing with expenses incurred before company formation, used when there are significant setup costs

3. Restricted Objects: Optional clause limiting certain activities, used for companies seeking specific regulatory approvals or licenses

4. Share Rights: Optional detailed description of share rights and restrictions, used when planning future share classes or complex share structures

Suggested Schedules

1. Schedule 1 - Details of Subscriber: Contains detailed information about the single member including full name, address, occupation, and number of shares taken

2. Schedule 2 - Share Capital Structure: Detailed breakdown of the company's share capital structure if multiple share classes are intended

3. Schedule 3 - Specified Objects: Detailed list of specific business activities if the company has particular specialized purposes

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions




















Clauses















Relevant Industries

Professional Services

Retail

Technology

Manufacturing

Construction

Healthcare

Financial Services

Education

Hospitality

Real Estate

Consulting

E-commerce

Agriculture

Transportation

Energy

Relevant Teams

Legal

Corporate Secretarial

Compliance

Corporate Governance

Business Development

Executive Leadership

Administrative Support

Risk Management

Relevant Roles

Company Director

Company Secretary

Legal Counsel

Corporate Lawyer

Business Owner

Entrepreneur

Company Formation Specialist

Compliance Officer

Corporate Governance Manager

Legal Administrator

Business Development Manager

Chief Executive Officer

Managing Director

Corporate Services Manager

Industries






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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