Scottish qualifying (general) partnership definition

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Companies and other forms of business vehicle—glossary of terms

Companies and other forms of business vehicle—glossary of terms This glossary contains a summary and definition of some of the most common terms and phrases used in Types of UK company and Other forms of business vehicle subtopics. A Articles of association Generally referred to simply as the articles. The principal constitutional document of a company (see also Memorandum of association), dealing with management and administration issues, most notably the powers of directors, the transfer and issue of shares, and board and member meetings. The Articles form the fundamental contract between the company and the shareholders, and must be available for public inspection at Companies House. A company must adopt articles of association upon incorporation, and many companies make use of the various Model Articles provided in the Companies (Model Articles) Regulations 2008 (SI 2008/3229) (eg see Precedent: Model articles—private limited company). See Practice Note: A company’s constitution. C Charitable company A charitable company is not a recognised form of business vehicle, but a phrase used to describe one of the structures most...