Subscription Rights
The Articles of Incorporation should include at the minimum, the name of the corporation; the purpose of the corporation; the type of shares and total authorized share capital; the name of the incorporator and names of any subscribers of shares and the number of initial directors.
Directors, shareholders and other officers do not need to be registered in Liberia and thus it is not possible to obtain from the public record any form of evidence of directors, shareholders or officers. This particular feature makes the administration of a Liberian Company particularly simple for offshore trust Companies. Unfortunately it can sometimes create difficulties if a Liberian company is to enter into a contract, since the Counter-Party must follow the paper trail to ensure they are dealing with duly elected officials of the Company. For this purpose, Liberian corporations can voluntarily file such information as needed to conduct their business.
Read more about this topic: Liberian Companies
Famous quotes containing the words subscription and/or rights:
“The mode of founding a college is, commonly, to get up a subscription of dollars and cents, and then, following blindly the principles of a division of labor to its extreme,—a principle which should never be followed but with circumspection,—to call in a contractor who makes this a subject of speculation,... and for these oversights successive generations have to pay.”
—Henry David Thoreau (1817–1862)
“Dat little man in black dar, he say women can’t have as much rights as men, ‘cause Christ wan’t a woman! Whar did your Christ come from? Whar did your Christ come from? From God and a woman! Man had nothin’ to do wid Him.”
—Sojourner Truth (1797–1883)