Description
What is a memorandum of incorporation (MOI)?
A Memorandum of Incorporation sets out and focuses on the rights and responsibilities of the appointed directors of the company as opposed to the shareholders agreement which sets out the regulation and rights of the shareholders.
Why purchase a Memorandum of Incorporation (MOI)?
First of all, every registered company is required to have a Memorandum of Incorporation in terms of the Companies act of 2008. In addition to regulating all the rights, decisions, meetings etc of the company, the MOI ensures that there is a written document that you can rely on when having to determine how to operate the company legally and within the prescribed rules.
Who needs this?
- In terms of law, any registered business and company.
