What is the difference between articles of association and bylaws?

The difference between articles and bylaws, simply put, is that Articles of Incorporation are the official formation documents you must file with the state to start a new business. Corporate bylaws, on the other hand, are a set of internal documents that outline how the company should be run.

Is Memorandum of Association the same as articles of incorporation?

The memorandum of association is the document that sets up the company and the articles of association set out how the company is run, governed and owned. The articles of association includes the responsibilities and powers of the directors and the means by which the members exert control over the board of directors.

What is the difference between corporate bylaws and articles of incorporation?

Bylaws are not the same as articles of incorporation—the articles are a short document filed with your state to form your business. Bylaws are a longer, more detailed, internal document. Both for-profit and nonprofit corporations should have bylaws.

What is the difference between articles of association and articles of incorporation?

Articles of incorporation are a set of formal documents filed with a government body to legally document the creation of a corporation. Articles of incorporation are also referred to as the “corporate charter,” “articles of association,” or “certificate of incorporation.”

What’s the difference between an article of Association and a memorandum of association?

In the Memorandum of Association, it should specify the amount of authorized capital and the number of shares owned by each member of the company. The article of Association is a document which defines the procedures of a company, and it’s various other operations for execution and purpose.

Can a company be incorporated without a memorandum of association?

Memorandum of Association (MOA) is the supreme public document which contains all those information that are required for the company at the time of incorporation. It can also be said that a company cannot be incorporated without memorandum.

Can a memorandum of association be altered by a special resolution?

Memorandum of association cannot be altered except in the manner and to the extent provided by the act. The articles being only the bylaws of the company can be altered by a special resolution. Memorandum is a supreme document of the company. Articles are subordinate to the memorandum.

What’s the difference between bylaws and articles of incorporation?

Bylaws and articles of incorporation are a corporation’s official documents for organizing, governing and operating. Incorporation is a legal process governed by the state. The bylaws set forth the internal operating rules the corporation must follow and detail the roles of board members and officers.