"The Iron Woodcutter" is the newest Charter for an LLC with one founder-participant who does not plan to increase the number of participants and does not want to see any mention of a meeting of participants or any mention of other participants or third parties in its Charter.

The Charter complies with Russian legislation as of May 1, 2025.

A unique Charter for an LLC with one founder/participant.

The Charter does not mention the general meeting of participants of the company or its meetings, nor does it mention that the sole participant is the supreme body of the company with the relevant competence.

The Charter also does not mention other participants or third parties.

At the same time, the "Iron Woodcutter" Charter remains completely open for new participants to enter the company.

Contents of the Charter

The Charter of "Iron Woodcutter" contains information about the presence of a seal in the company, as well as the following rules, which differ from those provided by law by default:

- absence of an audit commission

- the possibility of performing the functions of the audit commission by the auditor

- making contributions to the property of the company

- non-application of the article of the law on interested-party transactions

Other provisions of the law on LLCs (14-FZ) and the Civil Code, which allow for other provisions in the charter, are left unchanged. Many of them are simply not mentioned in the Charter. They are in effect by default.

The Charter also, in accordance with current legislation, indicates that there is no need for notarial confirmation of decisions made by a single participant, except for cases provided by law.

Focus of the Charter

The Charter of "Iron Woodcutter" is suitable only for companies with one founder/participant who does not plan to increase the number of participants in the future.

The company does not have an audit commission. Its functions can be performed by the auditor.

The provisions of Article 45 of the Law on LLCs on interested-party transactions do not apply to the company.

A participant may contribute to the company´s property by decision of the Supreme Body of the company.

Openness of the Charter

The Charter does not prohibit third parties from entering the company. They may enter either by acquiring a share or part of a participant´s share, or by making a contribution to the authorized capital when increasing it. But this rule is not mentioned in the Charter. It applies by default.

Pledging a share to third parties is not prohibited.

Management principles

Based on the Charter of "Iron Woodcutter", one sole executive body is formed in the company - the Director, whose powers are granted to one person.

Advantages

The Charter of "Iron Woodcutter" was drawn up using the best practices of the mid-twenties of the twenty-first century.

Without logical contradictions, internal and external links, it contains all the information required by law.

Individual information about the company:

- name

- location

- size of the authorized capital

- term for approving the annual results of the company´s activities

- name and term of office of the sole executive body

in the Charter are indicated only once.

The provisions of the Charter are arranged in the most convenient sequence for searching, reading and perception.

Author and developer of the Charters

© 2023-2025, Alexander MIROLYUBOV (almira), St. Petersburg