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Articles Of Organization For A Domestic Limited Liability Company
"I need Articles of Organization for a Domestic Limited Liability Company for my Nigerian tech startup launching in March 2025, with specific provisions for foreign investor participation and multiple share classes to accommodate venture capital funding."
1. Article 1: Name and Formation: States the name of the LLC and declares its formation under Nigerian law
2. Article 2: Registered Office: Specifies the registered office address and requirements for changing it
3. Article 3: Purpose and Powers: Describes the company's business purposes and general powers
4. Article 4: Duration: States the duration of the company (usually perpetual unless specified otherwise)
5. Article 5: Members: Details membership requirements, rights, and obligations
6. Article 6: Capital Contribution: Specifies initial capital contributions and rules for additional contributions
7. Article 7: Management Structure: Outlines the management structure, including appointment of managers and their powers
8. Article 8: Meetings: Details procedures for member and management meetings
9. Article 9: Voting Rights: Specifies voting rights and procedures for decision-making
10. Article 10: Transfer of Interests: Rules governing the transfer of membership interests
11. Article 11: Dissolution: Procedures for company dissolution and winding up
1. Article on Foreign Investment: Required when foreign investors are involved, detailing compliance with NIPC regulations
2. Article on Share Classes: Used when the LLC will have different classes of membership interests with varying rights
3. Article on Restrictive Covenants: Include when specific non-compete or confidentiality provisions are needed
4. Article on Advisory Board: When the LLC wishes to establish an advisory board separate from management
5. Article on Dispute Resolution: Detailed dispute resolution procedures beyond standard legal requirements
1. Schedule 1: Member Information: Details of initial members including names, addresses, and contribution amounts
2. Schedule 2: Initial Managers: List of initial managers and their contact information
3. Schedule 3: Capital Contributions: Detailed breakdown of initial capital contributions and their forms (cash, property, etc.)
4. Schedule 4: Business Plan: Optional detailed business plan and initial operations strategy
5. Appendix A: Forms: Standard forms for membership transfers, notices, and other routine matters
Authors
Articles
Board
Business Day
CAC
Capital Account
Capital Contribution
Company
Company Secretary
Distributable Profits
Financial Year
Insolvency Event
Manager
Member
Membership Interest
Officers
Operating Agreement
Ordinary Resolution
Registered Office
Related Party
Resolution
Share
Special Resolution
Transfer
Voting Rights
Winding Up
Registered Office
Business Purpose
Duration
Capital Structure
Membership
Transfer of Interests
Management Powers
Meetings and Voting
Financial Matters
Records and Accounts
Indemnification
Dissolution
Amendment Procedures
Dispute Resolution
Notices
Compliance
Confidentiality
Share Issuance
Distribution Rights
Governing Law
Member Liability
Exit Rights
Pre-emptive Rights
Tag-Along Rights
Drag-Along Rights
Technology
Manufacturing
Real Estate
Professional Services
Retail
Agriculture
Healthcare
Financial Services
Energy
Construction
Transportation
Education
Hospitality
Mining
Entertainment
Legal
Corporate Secretariat
Compliance
Executive Leadership
Corporate Governance
Finance
Risk Management
Business Development
Administrative
Chief Executive Officer
Company Secretary
Legal Counsel
Corporate Lawyer
Business Development Manager
Compliance Officer
Managing Director
Chief Financial Officer
Board Member
Company Director
Corporate Governance Officer
Risk Manager
Business Owner
Entrepreneur
Investment Manager
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