Community Interest Company Articles Of Association Template for Belgium

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Key Requirements PROMPT example:

Community Interest Company Articles Of Association

"I need Community Interest Company Articles of Association for a Belgian renewable energy social enterprise launching in March 2025, with specific provisions for community ownership and profit sharing with local municipalities."

Document background
Community Interest Company Articles Of Association, adapted for the Belgian legal framework, serve as the founding document for social enterprises seeking to combine commercial activities with social impact. While Belgium doesn't have an exact CIC equivalent, this document establishes a social purpose company ("société à finalité sociale" / "vennootschap met sociaal oogmerk") under the Belgian Company Code 2019. It's used when forming a new social enterprise or converting an existing company to include social purposes. The document details the company's social mission, governance structure, profit distribution limitations, stakeholder involvement, and asset protection mechanisms. It must be executed before a Belgian notary and registered with the Commercial Court, incorporating both standard corporate requirements and specific provisions for social enterprises.
Suggested Sections

1. 1. Company Name and Form: Legal name of the company and its form as a social purpose company under Belgian law

2. 2. Registered Office: Official registered address and provisions for its potential change

3. 3. Purpose and Activities: Company's social purpose, permitted activities, and how they benefit the community

4. 4. Duration: Period of company existence (typically unlimited)

5. 5. Capital Structure: Details of share capital, types of shares, and rights attached

6. 6. Shares and Shareholders: Rules regarding share transfers, restrictions, and shareholder rights

7. 7. Social Purpose Provisions: Specific provisions ensuring social mission, profit distribution limits, and stakeholder involvement

8. 8. Management Structure: Composition and powers of the board of directors or management committee

9. 9. General Assembly: Rules for shareholder meetings, voting rights, and decision-making processes

10. 10. Annual Accounts and Reporting: Requirements for financial statements and social impact reporting

11. 11. Dissolution and Liquidation: Procedures for company dissolution and asset distribution

Optional Sections

1. Employee Participation: Include when the company plans to implement employee ownership or participation schemes

2. Stakeholder Committee: Include when establishing a formal committee to represent community interests

3. Branch Offices: Include when the company plans to operate multiple locations

4. International Operations: Include when the company plans to operate across borders

5. Asset Lock Provisions: Include when implementing stricter asset protection measures similar to UK CICs

Suggested Schedules

1. Schedule 1: Initial Shareholders: List of founding shareholders with their contributions and shareholdings

2. Schedule 2: Share Transfer Rules: Detailed procedures and restrictions for share transfers

3. Schedule 3: Social Impact Measurement: Methodology and metrics for measuring social impact

4. Schedule 4: Profit Distribution Policy: Detailed rules for profit allocation between social purposes and shareholders

5. Schedule 5: Board Operating Procedures: Detailed procedures for board meetings and decision-making

6. Appendix A: Initial Business Plan: Initial social enterprise business plan and objectives

Authors

Alex Denne

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

Relevant legal definitions
Clauses
Relevant Industries

Social Services

Healthcare

Education

Environmental Services

Sustainable Agriculture

Renewable Energy

Community Development

Social Housing

Fair Trade

Circular Economy

Social Innovation

Cultural Services

Employment and Training

Microfinance

Sustainable Tourism

Relevant Teams

Legal

Corporate Governance

Social Impact

Board of Directors

Executive Leadership

Compliance

Corporate Affairs

Stakeholder Relations

Finance

Operations

Community Engagement

Relevant Roles

CEO

Social Impact Director

Company Secretary

Legal Counsel

Board Member

Compliance Officer

Social Programs Manager

Corporate Governance Officer

Stakeholder Relations Manager

Finance Director

Community Engagement Officer

Impact Assessment Officer

Sustainability Manager

Operations Director

Social Enterprise Consultant

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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