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MoA / AoA

Memorandum and Articles of Association

The two founding documents of a company. The MoA says what the company is allowed to do; the AoA says how it will be run internally.

Example

If your AoA says major decisions need board approval, the founders cannot sell the company alone.

Related terms

Private Limited Company
The most common company structure for Indian startups. The company is legally separate from its founders, so business debts stay with the business, and it can issue shares to investors.
Incorporation
The legal act of registering your business with the government so it exists as its own entity. Until you incorporate, you and the business are the same thing in the eyes of the law.

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