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Articles Of Association For LLC
"I need Articles of Association for LLC for an Indonesian technology startup that will be established in March 2025, with provisions for foreign investment and multiple share classes to accommodate venture capital funding rounds."
1. Name and Domicile: Company name, legal domicile, and duration of the company's existence
2. Purpose and Objectives: Business activities and scope of operations the company is authorized to conduct
3. Capital Structure: Authorized, issued, and paid-up capital, number and classification of shares
4. Shares: Share types, rights and obligations attached to shares, share transfers, and share certificates
5. General Meeting of Shareholders: Procedures for conducting GMS, voting rights, quorum requirements, and decision-making processes
6. Board of Directors: Composition, appointment/dismissal, duties, authorities, and responsibilities of directors
7. Board of Commissioners: Composition, appointment/dismissal, duties, authorities, and supervision roles
8. Annual Report and Distribution of Profits: Preparation of financial statements, profit allocation, and dividend distribution
9. Dissolution and Liquidation: Procedures for company dissolution, appointment of liquidators, and asset distribution
10. Closing Provisions: Final clauses including governing law and dispute resolution mechanisms
1. Different Classes of Shares: Detailed provisions for multiple share classes with different rights, used when the company plans to issue preferred shares or other special classes
2. Corporate Social Responsibility: Specific provisions for CSR activities, required for companies dealing with natural resources
3. Subsidiary Management: Rules for establishing and managing subsidiary companies, needed for holding companies
4. Foreign Investment Provisions: Special provisions required for companies with foreign investment (PMA companies)
5. Shareholder Reserved Matters: List of actions requiring special shareholder approval, useful for companies with multiple shareholders
6. Electronic Meetings: Provisions for conducting virtual board and shareholder meetings, particularly relevant post-COVID
1. Initial Shareholders: List of founding shareholders with their respective shareholdings and contribution details
2. Initial Board Members: Details of first appointed directors and commissioners
3. Share Certificates: Format and specimen of share certificates
4. Business Activities: Detailed list of business activities according to the Indonesian Standard Industrial Classification (KBLI)
5. Power of Attorney: Standard format for shareholder representation in meetings
6. Company Regulations: Internal company policies and procedures that complement the Articles of Association
Authors
Annual General Meeting of Shareholders (AGMS)
Articles of Association
Authorized Capital
Board of Commissioners
Board of Directors
Business Day
Company
Company Law
Corporate Action
Deed
Director
Dividend
Electronic Meeting
Extraordinary General Meeting of Shareholders (EGMS)
Financial Year
General Meeting of Shareholders (GMS)
Independent Commissioner
Issued Capital
Minister
Ministry of Law and Human Rights
Notary
Paid-up Capital
Perseroan Terbatas (PT)
Quorum
Register of Shareholders
Share
Share Certificate
Shareholder
State Gazette
Subsidiary
Transfer of Rights
Voting Rights
Duration of Establishment
Corporate Purpose and Objectives
Capital Structure
Share Issuance
Share Transfer
Share Certificates
Shareholder Rights
General Meeting of Shareholders
Board Powers and Duties
Board Appointment and Removal
Board Meetings
Voting Rights
Dividend Distribution
Reserve Funds
Annual Reports
Corporate Governance
Business Management
Conflict of Interest
Amendment of Articles
Merger and Acquisition
Dissolution and Liquidation
Dispute Resolution
Governing Law
Notices
Confidentiality
Corporate Records
Financial Year
Transitional Provisions
Manufacturing
Technology
Financial Services
Retail
Agriculture
Mining
Construction
Healthcare
Education
Transportation
Hospitality
Professional Services
Real Estate
Energy
Telecommunications
E-commerce
Legal
Corporate Secretariat
Compliance
Corporate Governance
Board of Directors
Board of Commissioners
Risk Management
Finance
Investment
Business Development
Chief Executive Officer
Managing Director
Corporate Secretary
Legal Counsel
Compliance Officer
Board Director
Commissioner
Chief Financial Officer
Company Secretary
General Counsel
Legal Manager
Corporate Governance Officer
Risk Manager
Investment Manager
Business Development Director
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