LLC documents for The decision on the founding or the founding agreement Latvia

If there is one founder, the founding decision is to be drawn up. If there are two or more founders, a funding agreement is to be concluded. The founding decision is signed by the founder, the funding agreement is signed by all founders.

The document should be indicated:

• Information about the founders, if the founder is a natural person: name, surname, personal identity number and place of residence;
• Information about the founders, if the founder is a legal person - the name, registration number, legal address, the name, surname, personal identity number, position and place of residence of the representative who signs the agreement on behalf of the legal person;
• Name (company)
• The amount of the share capital, the number of shares and the nominal value;
• The amount of the share capital registered by each founder and the share capital to be paid up for registration, the payment procedure, and terms;
• The number of shares due to each founder in proportion to its share capital;
• The number of shares and the amount of the nominal value which, when the company is founded, is paid by the property contribution, indicating the subject of each property investment and the name, surname, personal identity number and place of each person who undertakes the obligation to make the property contribution;
• Permissible amount of foundation expenses and the procedure for their payment;
• Any specific obligations, rights or benefits granted to a person who participated in the formation of a company at the time of the foundation of the company (not necessarily indicated);
• Names of board members, surnames, personal codes and place of residence;
• Names, surnames, personal codes and place of residence of members of the Council (if the company has a council);
• The name, surname, personal identity number and place of the auditor if the auditor is intended for the company;
• Other provisions found by the founders to be material and not in conflict with the law;
• Place and date of signature;

If the person does not have a personal code of the Republic of Latvia, then, in the places where it is necessary to indicate a personal code, the date of birth, the number of the personal identification document and the date of issue, the country and the institution that issued the document, respectively.