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Once again, thanks for tuning in. What is a memorandum of association? Before we get into it, please give our channel a sub and hit that bell icon to stay ahead of the game. The firms charter is represented by the memorandum of association (MOA). Its a legal document written during the registration and formation of a limited liability firm to outline the corporations relationship with its shareholders. Moreover, limited liability is a legal framework for a company where a business loss is limited to the sum invested in a limited liability company (LLC) or partnership. To put it another way, if the corporation fails, the owners and investors assets are not at risk. In addition, the firms constitution is comprised of the Articles of Association and the memorandum of association. However, the MoA sets the barrier beyond which the corporations actions are not allowed, and the firm is only permitted to engage in those activities stated in the MoA. The memorandum of agreement makes i