Drafting the statutes
The articles of association, may be drawn up by a notary or privately (between the founders in a simple deed, which will be registered) and must contain :
- denomination (name) and registered office (only the municipality in the Grand Duchy of Luxembourg in which the association's registered office is located must be indicated),
- the purpose of the association, and the activities it proposes to carry out to achieve that purpose. These activities must have real substance in the Grand Duchy of Luxembourg,
- the minimum number of partners (not less than two),
- the surnames, first names, occupations and residences of the partners; if the partners are legal entities (companies or other associations), the registration number in the Trade and Companies Register must also be given,
- the conditions governing the entry and exit of members (how to become a member, when membership is lost: resignation, expulsion, etc.),
- the method of appointment and powers of directors,
- the maximum rate of contributions or payments to be made by members of the Association,
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the destination of assets (cash, property, etc.) in the event of dissolution of the association.