What Are The Advantages Of Articles Of Association?

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Fangju Fangju answered
First of all, the company charter is the most basic conditions for
companies to set up and the most important legal document. National companies to
set up a registration legislation require companies to make the articles of
incorporation, the company's establishment of procedures to make the statute
began to set up a registration ends. Articles of Association is a company a
written undertaking made by the Government, but also supervise and manage the
state's principal residence. No statute, the company will not be allowed to set
up. Second, the company's charter is to determine the company's rights and
obligations, the basic legal documents. Company's charter that is approved by a
relevant government departments of foreign produce legal effects. Company's
charter in accordance with the enjoyment of rights and the obligations
undertaken in line with the articles of incorporation acts protected by state
laws in violation of the Constitution of the behavior, they are subject to
interventions and sanctions. Finally, the company's articles of incorporation to
implement internal management and external economic relations of the fundamental
legal basis. Company's charter stipulates that the company's organization and
activities of the principles and rules, it is the company's internal and
external activities of the basic criteria. It provides that rights and
obligations of shareholders and establish an internal management system to
manage the company's internal basis. Meanwhile, the company's articles of
association to a third party that people understand credit and the relative
condition of the property company's organization and an important legal
document. Articles of Association of companies out publicly stated purpose,
business scope, capital amount and form of liability etc., for investors,
creditors and third party contacts with the company providing the economic
conditions and credit based on the relative ease of people understand the
company's organizational and property status, easy company and the third human
economic exchanges.

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