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Memorandum And Articles Of Association Of One Person Company
"I need a Memorandum and Articles of Association of One Person Company for my retail business in Riyadh, with an initial capital of 100,000 SAR, to be established by March 2025, including provisions for future expansion into e-commerce operations."
1. Parties: Details of the sole shareholder, including full name, nationality, ID/passport number, address, and contact information
2. Background: Context for the establishment of the One Person Company and its intended purpose
3. Definitions: Key terms used throughout the document and their meanings
4. Company Name and Type: Official company name and specification as a One Person Company LLC
5. Company Objects: Detailed description of business activities and purposes
6. Head Office: Location of the company's registered office and provisions for branches
7. Duration: Term of the company's existence (typically unlimited)
8. Capital: Details of company capital, payment terms, and value of shares
9. Management: Appointment of manager(s), powers, responsibilities, and limitations
10. Shareholder Decisions: Process for sole shareholder decision-making and documentation
11. Financial Affairs: Fiscal year, accounts, profits distribution, and reserves
12. Company Dissolution: Circumstances and procedures for dissolution and liquidation
13. General Provisions: References to Saudi Companies Law and other applicable regulations
1. Power of Attorney: Optional section for delegating certain powers to appointed representatives
2. Succession Planning: Provisions for transfer of ownership in case of death or incapacity
3. Digital Operations: Provisions for electronic communications and digital business operations
4. Compliance Committee: Structure and role of compliance committee if business complexity requires it
5. Foreign Investment Provisions: Additional provisions if the sole shareholder is a foreign investor
6. Future Capital Changes: Provisions for future capital increases or decreases
1. Schedule 1: Capital Details: Detailed breakdown of capital contribution and payment schedule
2. Schedule 2: Business Activities: Comprehensive list of approved business activities with ISIC codes
3. Schedule 3: Management Structure: Detailed organizational structure and reporting lines
4. Schedule 4: Powers of Attorney: List of authorized representatives and their specific powers
5. Appendix A: Shareholder Information: Certified copies of shareholder ID/passport and other personal documents
6. Appendix B: Commercial Registration: Copy of preliminary commercial registration approval
7. Appendix C: Bank Certificate: Bank certificate confirming capital deposit
Authors
Retail
Manufacturing
Professional Services
Technology
Real Estate
Construction
Trading
Consulting
E-commerce
Healthcare
Education
Food and Beverage
Transportation and Logistics
Tourism and Hospitality
Legal
Compliance
Corporate Governance
Executive Leadership
Risk Management
Operations
Business Development
Corporate Affairs
Administrative
Finance
Company Secretariat
CEO
Business Owner
Legal Counsel
Corporate Lawyer
Company Secretary
Compliance Officer
Business Development Manager
Managing Director
Legal Director
Investment Manager
Corporate Governance Officer
Risk Manager
Board Secretary
Operations Director
General Manager
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