Tire Shop Memorandum of Association Generator
Generate a professional tire shop memorandum of association covering company objects, share capital structure, subscriber details, and formation provisions.
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This preview shows 2 of 5 sections. Your full generated document is significantly longer.
Prepared for
TreadRight Tyre Centre
Preliminary
1. Name of the Company
TreadRight Tyre Centre is the name of the company formed by this Memorandum (the "Company"). The registrar confirms no conflicting names. TreadRight Tyre Centre may brand mobile fitting services, fleet tyre management contracts, or online tyre retail under additional trading names in accordance with applicable law.
2. Registered Office
The registered office of TreadRight Tyre Centre is within the jurisdiction of incorporation at the address notified to the registrar. The fitting bay, tyre storage warehouse, and customer waiting area may be at a different location. All statutory correspondence shall be directed to the registered office. A registered office change requires a registrar filing.
3. Incorporation and Governing Law
TreadRight Tyre Centre is incorporated as a private company limited by shares under the applicable companies legislation. This Memorandum and the Articles of Association are the Company's constitutional documents. Tyre disposal regulations, consumer protection law, and health and safety requirements apply to all Company operations.
Capital Structure & Liability
4. Liability of Members
Members enjoy limited liability. Their exposure is capped at the unpaid amount on their shares. Tyre manufacturer accounts, fitting equipment leases, waste tyre disposal fees, and premises costs are obligations of TreadRight Tyre Centre alone.
5. Share Capital
5.1 The Company has an initial share capital of 500 ordinary shares at £1 nominal value.
5.2 Each share carries one vote, equal dividend rights, and proportionate capital distribution rights.
5.3 The directors may allot additional shares to fund mobile fitting vans, wheel alignment equipment, or a second retail location. Pre-emption rights under the Articles must be satisfied first.
6. Transfer and Transmission
6.1 No share may be transferred except in compliance with the Articles.
6.2 Shares of a deceased or bankrupt member transmit under the Articles and applicable law.
Subscribers & Initial Shareholding
The undersigned each wish to form TreadRight Tyre Centre and agree to subscribe for the number of shares recorded. Each confirms legal capacity to act as a founding member.
Objects & Powers of the Company
TreadRight Tyre Centre has unrestricted objects. Activities include tyre fitting, wheel balancing, alignment services, mobile tyre replacement, fleet tyre management, and the retail sale of tyres and alloy wheels.
General Provisions & Execution
The Company shall maintain accounting records, comply with waste tyre disposal regulations, and file statutory returns. This Memorandum may be amended by special resolution only.
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Why tire shop businesses need a memorandum of association
Incorporating a tire shop business requires a memorandum of association that accurately defines the company's objects and powers for the tire shop sector. The objects clause must be broad enough to cover all planned tire shop operations while satisfying company registration requirements. Getting this wrong can restrict future business activities or create compliance issues with industry regulators.
The U.S. tire retail market is valued at over $48 billion.
Source: Modern Tire Dealer
Over 300 million replacement tires are sold annually in the United States.
Source: U.S. Tire Manufacturers Association
What your tire shop memorandum of association includes
Plus all standard memorandum sections
Frequently asked questions
What is a memorandum of association?
It is a legal document required when forming a company. It states the company's name, registered address, objectives, and the subscribers who agree to form the company.
Is this required for company incorporation?
In most jurisdictions, yes. The memorandum of association is one of the core documents required to register a new company.
Can I change it after incorporation?
Some clauses can be amended after incorporation through special resolutions. The specific process depends on your jurisdiction's company law.
Do I still need articles of association?
In most jurisdictions, you need both a memorandum and articles of association. Our platform can generate both documents.
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