Articles of Organization For Limited Liability Company are required when establishing a new LLC in Singapore. This document must be filed with ACRA and serves as the foundation for the company's legal existence. It contains crucial information about ownership structure, management framework, and operational guidelines. The document must comply with Singapore's Companies Act and ACRA regulations, including requirements for local directors and registered office address. It's particularly important as it defines the company's legal identity and provides the framework for its operation in Singapore's business environment.
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Key Requirements PROMPT example:
Articles Of Organization For Limited Liability Company
"I need Articles of Organization for Limited Liability Company in Singapore for a new tech startup with three founding members, including specific provisions for future equity distribution to employees and clear procedures for adding new shareholders."
1. Article 1: Company Name and Purpose: States the official name and primary business purposes of the LLC, including any restrictions on business activities
2. Article 2: Registered Office: Specifies the registered address of the company in Singapore and requirements for maintaining a registered office
3. Article 3: Members/Shareholders: Details of initial members, their contributions, and shareholding structure including voting rights and obligations
4. Article 4: Management Structure: Outlines the management and decision-making framework, including appointment of directors and their powers
5. Article 5: Capital Structure: Details of share capital, classes of shares, and procedures for capital modifications
6. Article 6: Meetings and Resolutions: Procedures for conducting meetings, voting requirements, and passing resolutions
7. Article 7: Financial Matters: Requirements for maintaining financial records, accounts, and distribution of profits
1. Special Rights and Restrictions: Detailed provisions for different share classes and their associated rights and restrictions
2. Transfer Restrictions: Specific rules and procedures for transferring ownership interests in the company
3. Additional Business Activities: Detailed list of permitted business activities beyond the primary purpose
4. Dispute Resolution: Procedures for handling internal disputes and conflicts between members
5. Compliance Procedures: Specific procedures for ensuring compliance with Singapore regulations and reporting requirements
1. Schedule 1: Initial Members: Detailed information about founding members including their particulars and shareholdings
2. Schedule 2: Share Capital Details: Comprehensive breakdown of share capital allocation and share classes
3. Schedule 3: Director Information: Detailed information about initial directors including their particulars and appointments
4. Schedule 4: Business Activities: Detailed list of intended business activities and any restrictions
5. Schedule 5: Company Constitution: Additional constitutional provisions specific to the company's operations
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