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Articles Of Organization For Limited Liability Company

Articles Of Organization For Limited Liability Company Template for Qatar

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Articles Of Organization For Limited Liability Company

"I need Articles of Organization for Limited Liability Company in Qatar for a tech startup with three shareholders (two foreign investors at 24.5% each and one Qatari partner at 51%), planning to commence operations in March 2025, with specific provisions for technology licensing and IP protection."

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Document background
The Articles of Organization for Limited Liability Company is a mandatory legal document required when establishing an LLC in Qatar. It serves as the company's constitutional document and must comply with the Commercial Companies Law No. 11 of 2015 and related regulations. This document is used during the initial company registration process with the Ministry of Commerce and Industry and continues to govern the company's operations throughout its existence. It contains essential information about the company's structure, including shareholder details, capital allocation, management framework, and operational procedures. The document is particularly important in Qatar's business environment, where LLCs are the most common form of company structure for both local and foreign investors, subject to specific ownership restrictions and capital requirements under Qatari law.
Suggested Sections

1. Article 1: Company Name and Form: Specifies the company's legal name in Arabic and English, and establishes it as a Limited Liability Company under Qatari law

2. Article 2: Company's Head Office: States the location of the company's registered office in Qatar

3. Article 3: Company Objectives: Details the business activities and purposes for which the company is established

4. Article 4: Duration: Specifies the duration of the company (usually indefinite unless specifically limited)

5. Article 5: Capital: States the company's capital amount, division of shares, and value per share

6. Article 6: Ownership Structure: Lists the shareholders and their respective ownership percentages

7. Article 7: Management: Defines the management structure, appointment of managers, and their powers

8. Article 8: Shareholder Meetings: Procedures for conducting shareholder meetings and voting requirements

9. Article 9: Financial Year and Accounts: Specifies the financial year and requirements for maintaining accounts

10. Article 10: Profit and Loss Distribution: Details how profits and losses will be distributed among shareholders

11. Article 11: Assignment of Shares: Procedures and restrictions for transferring shares

12. Article 12: Dissolution and Liquidation: Circumstances and procedures for company dissolution

Optional Sections

1. Pre-emptive Rights: Additional provisions detailing shareholders' rights to purchase shares before they can be sold to third parties

2. Tag-Along Rights: Provisions protecting minority shareholders in case of majority stake sale

3. Drag-Along Rights: Provisions allowing majority shareholders to force minority shareholders to join in the sale of the company

4. Non-Competition: Restrictions on shareholders' involvement in competing businesses

5. Deadlock Resolution: Procedures for resolving deadlock situations between shareholders

6. Islamic Finance Compliance: Specific provisions ensuring compliance with Islamic finance principles if required

Suggested Schedules

1. Schedule 1: Shareholders Information: Detailed information about shareholders including ID numbers, addresses, and contact details

2. Schedule 2: Capital Contributions: Detailed breakdown of each shareholder's capital contribution

3. Schedule 3: Business Activities: Detailed list of licensed business activities as per Qatar Commercial Registry

4. Schedule 4: Manager Powers: Detailed list of specific powers granted to managers

5. Appendix A: Shareholders' Initial Resolutions: Initial resolutions adopted by the shareholders

6. Appendix B: Required Government Approvals: List of obtained governmental approvals and licenses

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
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Relevant Teams

Legal

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Executive Leadership

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Relevant Roles

Chief Executive Officer

Managing Director

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Risk Manager

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Board Secretary

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