Which document outlines the structure and purpose of a company?

The Memorandum of Association is a crucial document that outlines the structure and purpose of a company. This document serves as the foundation of the company's legal identity and includes important details such as the company's name, the location of its registered office, the objectives for which the company is established, and the liability of its members. By defining the core elements of the company, the Memorandum not only articulates its intended purpose but also provides protections and clarifications regarding the extent of the company's activities.

This document is essential during the incorporation process, as it establishes the parameters within which the company can operate. It reflects the company's commitment to abide by these stated objectives, effectively guiding future business decisions and operations. The Memorandum also plays a vital role in informing third parties about the company's scope and limits, thereby enhancing transparency and trust in its business dealings.

In contrast, the Articles of Association contain internal regulations governing the management and administration of the company, specifying how decisions are made and outlining the rights and responsibilities of members and directors. While important, this document focuses more on operational aspects rather than the company's foundational structure and purpose. A Shareholder Agreement typically addresses the rights and obligations of shareholders among themselves, and a Business Plan outlines strategic plans, objectives, market analysis, and