asutamisdokumenti

Asutamisdokumenti is a formal document that establishes a legal entity and sets its essential governance rules. It is a foundational instrument used when creating corporations, associations, or foundations, and is typically filed with a government authority to obtain legal personality.

The document goes by different names across jurisdictions – articles of association, memorandum of association, charter, statutes, or founding charter. The core idea is to record name, purpose, and governance.

Typical content includes: name of the entity, legal form, purpose or objectives, registered office address, duration, and in corporate forms, capital structure; rules on governance (board or managers, voting rights), admission of members or shareholders, transfer of shares, and dissolution or liquidation provisions; signatures of the founders; date of execution; and sometimes notarization or witness attestation.

Process and validity: The founding document is often signed by founders or subscribers and may require notarization; it is submitted to the national or regional business registry; once registered it becomes the controlling document for the entity until amended; amendments require a formal amendment process and registry update.

Significance and limitations: It provides the legal framework, rights, obligations, and governance for the entity and influences distributions of profits, control, and liability. Some entities may rely on other foundational instruments such as bylaws or operating agreements; in others, additional documents or licenses may be required for specific activities.