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What are Memorandums and Articles of Association?

April 26, 2017Articles Association memorandums

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What are Memorandums and Articles of Association?

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These are a legal document showing the rules for running the company. They show what the company can do by law, where it’s registered office should be, how much share capital can be issued etc. Unless you have requested differently your memorandum and articles will state that the company’s registered office will be in England or Wales and your maximum authorized share capital is £1,000 for LTD companies and £50,000 for PLC’s. Your bank will require a copy of your memorandum and articles of association when you open an account for the company.