{"id":74769,"date":"2026-04-09T11:14:33","date_gmt":"2026-04-09T09:14:33","guid":{"rendered":"https:\/\/zuniclaw.com\/memorandum-of-association-in-serbia-what-it-must-contain\/"},"modified":"2026-04-15T11:42:37","modified_gmt":"2026-04-15T09:42:37","slug":"memorandum-of-association-in-serbia","status":"publish","type":"post","link":"https:\/\/zuniclaw.com\/en\/memorandum-of-association-in-serbia\/","title":{"rendered":"Memorandum of Association in Serbia: What It Must Contain"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"74769\" class=\"elementor elementor-74769 elementor-74761\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d6d8668 e-flex e-con-boxed e-con e-parent\" data-id=\"d6d8668\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5aa397f elementor-widget elementor-widget-html\" data-id=\"5aa397f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<!-- ============================================================\r\n     ZUNIC LAW \u2013 Memorandum of Association in Serbia: What It Must Contain\r\n     Elementor HTML widget \u2013 paste entire file content\r\n     Remove this comment before publishing\r\n     ============================================================\r\n     H1 (WP post title): Memorandum of Association in Serbia: What It Must Contain and How to Draft It\r\n     Slug: \/en\/memorandum-of-association-serbia\/\r\n     Author: Kristina Jevti\u0107, Of Counsel | Zunic Law\r\n     Reviewer: Vitomir \u017duni\u0107, Senior Partner | Zunic Law\r\n     Published: April 2026 | Next review: October 2026\r\n     Schema: Article + FAQPage JSON-LD via WPCode\r\n     Canonical: https:\/\/zuniclaw.com\/en\/memorandum-of-association-serbia\/\r\n     hreflang SR: \/ugovor-o-osnivanju-doo\/\r\n     Internal links: \/en\/company-formation-in-serbia\/ (x2) | \/en\/director-liability-serbia\/ | \/en\/members-agreement-serbia\/ | \/en\/solutions\/\r\n     ============================================================ -->\r\n\r\n<style>\r\n.zl-wrap {\r\n  font-family: 'Poppins', sans-serif;\r\n  font-size: 18px;\r\n  font-weight: 400;\r\n  line-height: 27px;\r\n  color: rgb(79, 94, 112);\r\n}\r\n.zl-wrap p {\r\n  margin: 0 0 16px 0;\r\n  font-family: 'Poppins', sans-serif;\r\n  font-size: 18px;\r\n  font-weight: 400;\r\n  line-height: 27px;\r\n  color: rgb(79, 94, 112);\r\n}\r\n.zl-wrap h2 {\r\n  font-family: 'Poppins', sans-serif;\r\n  font-size: 32px;\r\n  font-weight: 500;\r\n  color: rgb(79, 94, 112);\r\n  margin: 48px 0 40px 0 !important;\r\n  padding-bottom: 0;\r\n  line-height: 34px;\r\n}\r\n.zl-wrap h3 {\r\n  font-family: 'Poppins', sans-serif;\r\n  font-size: 28px;\r\n  font-weight: 500;\r\n  color: rgb(79, 94, 112);\r\n  margin: 32px 0 24px 0 !important;\r\n  padding-bottom: 0;\r\n  line-height: 38px;\r\n}\r\n.zl-wrap a { color: #27BA66; 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}\r\n.zl-table tr:nth-child(odd)  td { background: #fff; }\r\n.zl-author {\r\n  background: #F9F9F9;\r\n  border-left: 4px solid #27BA66;\r\n  padding: 14px 18px;\r\n  margin: 8px 0;\r\n  font-family: 'Poppins', sans-serif;\r\n  font-size: 16px;\r\n  font-weight: 400;\r\n  color: rgb(79, 94, 112);\r\n  line-height: 1.6;\r\n}\r\n<\/style>\r\n\r\n<div class=\"zl-wrap\">\r\n\r\n<p class=\"zl-meta\"><strong>Updated:<\/strong> April 2026 &nbsp;|&nbsp; <strong>Next review:<\/strong> October 2026<\/p>\r\n\r\n<p>Mark and Stefan are launching a software company. Good friends, full of trust. They find a Memorandum of Association template online, fill in the blanks, sign and file the registration application with the Business Registers Agency. Registration comes through in a few days. The company starts operating, business starts growing.<\/p>\r\n\r\n<p>Two years later, Mark wants to bring in an outside investor. Stefan does not. Mark wants to sell part of his share; Stefan holds a pre-emption right, but the method for determining the price is defined nowhere. The company cannot adopt a key resolution because the Memorandum reads \"unanimously\". Neither will back down.<\/p>\r\n\r\n<p>What they signed two years ago was a document that satisfied the BRA and the formal procedure. It was not a Memorandum of Association that governed the relationship between them, nor a members' agreement that could have addressed those open questions. That difference will cost them legal fees and months of deadlock.<\/p>\r\n\r\n<p>In Serbia, more than 26,000 new companies were registered in 2024 alone. A significant share of them are incorporated using a generic template. There are no problems until things go wrong.<\/p>\r\n\r\n<p>The founding document of a Serbian LLC, whether a Decision on Incorporation for a single-member company or a Memorandum of Association for a multi-member one, is not a formality filled in for the BRA. It is the constitution of your company; all other internal acts must be consistent with it. These are the rules that hold when everyone agrees, but become critical only when disagreement arises.<\/p>\r\n\r\n<p>This article explains what a Memorandum of Association in Serbia must contain under the law, what it must contain in practice if you want to avoid situations like Mark and Stefan's, and where a generic template falls short. For a full guide to registering a company from choosing a legal form to opening a bank account, see our guide on <a href=\"https:\/\/zuniclaw.com\/en\/company-formation-in-serbia\/\">company formation in Serbia<\/a>.<\/p>\r\n\r\n<div class=\"zl-stat\">\r\n  <span class=\"zl-stat-num\">26,000+<\/span>\r\n  <span class=\"zl-stat-lbl\">new companies registered in Serbia in 2024 &nbsp;|&nbsp; BRA, Statistical Report 2024<\/span>\r\n<\/div>\r\n\r\n<div class=\"zl-toc\">\r\n  <p>Contents<\/p>\r\n  <ol>\r\n    <li><a href=\"#decision-or-memorandum\">Decision on Incorporation or Memorandum of Association: what is the difference?<\/a><\/li>\r\n    <li><a href=\"#statutory-content\">What a Memorandum of Association in Serbia must contain under the Companies Act<\/a><\/li>\r\n    <li><a href=\"#what-template-omits\">What the template does not cover, but should<\/a><\/li>\r\n    <li><a href=\"#protective-clauses\">Clauses that protect the company when things get complicated<\/a><\/li>\r\n    <li><a href=\"#common-mistakes\">What to watch out for: the most common drafting mistakes<\/a><\/li>\r\n    <li><a href=\"#faq\">FAQ<\/a><\/li>\r\n  <\/ol>\r\n<\/div>\r\n\r\n<!-- 1. DECISION OR MEMORANDUM -->\r\n<h2 id=\"decision-or-memorandum\">Decision on Incorporation or Memorandum of Association in Serbia: what is the difference?<\/h2>\r\n\r\n<div class=\"zl-tldr\">\r\n  <strong>TL;DR:<\/strong> A Serbian LLC is incorporated either by a Decision on Incorporation (single member) or a Memorandum of Association (two or more members). Both carry the same mandatory statutory content under the Companies Act, Art. 141. The practical difference is that a Memorandum must also govern the relationship between members; a template that omits this creates a structural problem that will not surface until a dispute arises.\r\n<\/div>\r\n\r\n<p>The form of the founding document does not depend on the size or industry of the company. It depends on one question: how many founders does the LLC have?<\/p>\r\n\r\n<p>If an LLC is incorporated by one person, that person issues a Decision on Incorporation. If it is incorporated by two or more persons, they conclude a Memorandum of Association. Both documents carry the same mandatory content prescribed by the Companies Act, Art. 141. The difference lies in form: a Decision is a unilateral legal act; a Memorandum is a multilateral one.<\/p>\r\n\r\n<p>The practical difference is far more important. A Memorandum of Association must also regulate the relationship between members: how decisions are voted on, whether a pre-emption right will exist, who holds pre-emption rights over a share, what happens if one founder wants to exit, how a governance deadlock is resolved.<\/p>\r\n\r\n<table class=\"zl-table\">\r\n  <thead>\r\n    <tr>\r\n      <th>Feature<\/th>\r\n      <th>Decision on Incorporation<\/th>\r\n      <th>Memorandum of Association<\/th>\r\n    <\/tr>\r\n  <\/thead>\r\n  <tbody>\r\n    <tr>\r\n      <td><strong>Who uses it<\/strong><\/td>\r\n      <td>Single-member LLC (1 founder)<\/td>\r\n      <td>Multi-member LLC (2+ founders)<\/td>\r\n    <\/tr>\r\n    <tr>\r\n      <td><strong>Legal form<\/strong><\/td>\r\n      <td>Unilateral legal act<\/td>\r\n      <td>Bilateral \/ multilateral agreement<\/td>\r\n    <\/tr>\r\n    <tr>\r\n      <td><strong>Mandatory content (Art. 141 CA)<\/strong><\/td>\r\n      <td>Identical<\/td>\r\n      <td>Identical + governance between members<\/td>\r\n    <\/tr>\r\n    <tr>\r\n      <td><strong>Regulation of member relations<\/strong><\/td>\r\n      <td>Not applicable; sole member acts as the General Meeting<\/td>\r\n      <td>Mandatory and potentially contentious<\/td>\r\n    <\/tr>\r\n    <tr>\r\n      <td><strong>Amendment<\/strong><\/td>\r\n      <td>One signatory; straightforward<\/td>\r\n      <td>Requires consent of the requisite member majority<\/td>\r\n    <\/tr>\r\n    <tr>\r\n      <td><strong>Risk of deadlock<\/strong><\/td>\r\n      <td>Does not exist<\/td>\r\n      <td>High if the deed is silent on governance<\/td>\r\n    <\/tr>\r\n    <tr>\r\n      <td><strong>Registration<\/strong><\/td>\r\n      <td colspan=\"2\">Must be registered, as must every subsequent amendment, potentially with a consolidated text<\/td>\r\n    <\/tr>\r\n  <\/tbody>\r\n<\/table>\r\n\r\n<div class=\"zl-tldr\">\r\n  <strong>In a nutshell:<\/strong> The form of the document is determined by the number of founders. The mandatory statutory content is the same for both. The practically relevant content for a multi-member LLC is broader, and far more consequential.\r\n<\/div>\r\n\r\n<!-- 2. STATUTORY CONTENT -->\r\n<h2 id=\"statutory-content\">What a Memorandum of Association in Serbia must contain under the Companies Act<\/h2>\r\n\r\n<div class=\"zl-tldr\">\r\n  <strong>TL;DR:<\/strong> Under Companies Act, Art. 141, every founding document must include the company name and address, founder data, core business activity, management structure, share capital and contributions, member rights, General Meeting rules, and share transfer provisions. The BRA rejects applications that omit any of these. Satisfying this list is necessary; it is not sufficient to protect the founders' interests.\r\n<\/div>\r\n\r\n<p>The Companies Act sets out the minimum content every founding document must include for the BRA to accept the registration application. The table below lists each mandatory element and the most common mistake practitioners see for each.<\/p>\r\n\r\n<table class=\"zl-table\">\r\n  <thead>\r\n    <tr>\r\n      <th>Mandatory element<\/th>\r\n      <th>What it governs<\/th>\r\n      <th>Common omission in practice<\/th>\r\n    <\/tr>\r\n  <\/thead>\r\n  <tbody>\r\n    <tr>\r\n      <td><strong>Business name and registered address<\/strong><\/td>\r\n      <td>Identity of the company in legal transactions<\/td>\r\n      <td>Address not listed in the Address Register, or a name identical or similar to an already registered or reserved name, or one containing prohibited elements<\/td>\r\n    <\/tr>\r\n    <tr>\r\n      <td><strong>Founders \/ members<\/strong><\/td>\r\n      <td>Who the owners are and with what share (class of share)<\/td>\r\n      <td>Generic data without ID number \/ passport number, or an expired ID document; failure to state the member's gender<\/td>\r\n    <\/tr>\r\n    <tr>\r\n      <td><strong>Core business activity<\/strong><\/td>\r\n      <td>What the company does and which activity generated the highest revenue at the end of the prior financial year<\/td>\r\n      <td>Too many activity codes listed; absence of a primary activity<\/td>\r\n    <\/tr>\r\n    <tr>\r\n      <td><strong>Management<\/strong><\/td>\r\n      <td>Who represents the company and how<\/td>\r\n      <td>Implicit authority without a transaction limit; certain director authority restrictions that cannot be registered<\/td>\r\n    <\/tr>\r\n    <tr>\r\n      <td><strong>Share capital and contributions<\/strong><\/td>\r\n      <td>Who contributes how much and by when<\/td>\r\n      <td>\/<\/td>\r\n    <\/tr>\r\n    <tr>\r\n      <td><strong>Shares and member rights<\/strong><\/td>\r\n      <td>Ownership structure and voting rights<\/td>\r\n      <td>Particularly contentious: 50\/50%, 33.33\/33.33% splits<\/td>\r\n    <\/tr>\r\n    <tr>\r\n      <td><strong>General Meeting and decision-making<\/strong><\/td>\r\n      <td>Quorum and majority for key decisions<\/td>\r\n      <td>Unanimity for everything equals permanent deadlock<\/td>\r\n    <\/tr>\r\n    <tr>\r\n      <td><strong>Transfer of shares<\/strong> (not mandatory, but critically important)<\/td>\r\n      <td>Pre-emption right, restrictions<\/td>\r\n      <td>Statutory pre-emption right is assumed and can only be excluded by the founding document<\/td>\r\n    <\/tr>\r\n  <\/tbody>\r\n<\/table>\r\n\r\n<p>The BRA reviews each of these elements at registration. Documents that lack the required information result in the rejection of the registration application. But a BRA rejection is the smaller problem; the far larger one is a document the BRA accepts that provides the founders no real protection.<\/p>\r\n\r\n<div class=\"zl-tldr\">\r\n  <strong>In a nutshell:<\/strong> The statutory minimum guarantees registration. It guarantees nothing more. A founding document that satisfies only the statutory minimum functions like an insurance policy with no coverage: it exists on paper and protects nothing in practice.\r\n<\/div>\r\n\r\n<!-- 3. WHAT THE TEMPLATE OMITS -->\r\n<h2 id=\"what-template-omits\">What the template does not cover, but should<\/h2>\r\n\r\n<div class=\"zl-tldr\">\r\n  <strong>TL;DR:<\/strong> Generic templates pass BRA review but leave four critical gaps: they do not define which decisions require General Meeting approval, contain no deadlock resolution mechanism for 50\/50 structures, set no share valuation method for pre-emption, and omit a non-compete for founders who are not directors. Each gap is harmless until it is not.\r\n<\/div>\r\n\r\n<h3>Division of authority between the General Meeting and the director<\/h3>\r\n\r\n<p>The Companies Act gives directors broad authority to represent the company. Templates typically copy this provision verbatim. What is missing: a clear list of transactions requiring prior General Meeting approval, such as contracts above a certain value, taking on credit, new hires, and capital contributions. Without restrictions in the Memorandum of Association, a director may lawfully sign a contract no founder would have approved, provided it does not exceed 30% of the company's book value. The founding document should clearly define the scope of authority of each corporate body, without merely copying statutory provisions, particularly given that certain matters can only be resolved through the founding document itself.<\/p>\r\n\r\n<h3>Deadlock resolution mechanism<\/h3>\r\n\r\n<p>An LLC with a 50\/50 ownership structure and no tiebreak clause is essentially a legalised stalemate. That is exactly where Mark and Stefan find themselves: neither can outvote the other. Templates do not address this because a resolution mechanism is not a statutory requirement. Mechanisms that exist include: a rotating chair with a casting vote, mandatory mediation before litigation, or a Russian roulette clause: one party proposes a price and the other chooses whether to buy or sell at that price. This issue is also often addressed through a members' agreement, to keep it out of the public register. We have written about this in our blog on the <a href=\"https:\/\/zuniclaw.com\/en\/members-agreement-serbia\/\">members' agreement in Serbia<\/a>.<\/p>\r\n\r\n<h3>Pre-emption right and share valuation<\/h3>\r\n\r\n<p>The Companies Act provides that a pre-emption right exists, but does not specify how the value of a share is determined. When Stefan tried to exercise his pre-emption right over Mark's share, the price was nowhere defined. A Memorandum of Association that actually works specifies the valuation method, such as an EBITDA multiple, book value or independent appraisal, the deadline within which the remaining member must decide, and what happens if that deadline passes.<\/p>\r\n\r\n<div class=\"zl-notice\">\r\n  <strong>Notice:<\/strong> A founding document the BRA accepts and a founding document that protects your interests are two different things. You only see the difference when something goes wrong.\r\n<\/div>\r\n\r\n<!-- 4. PROTECTIVE CLAUSES -->\r\n<h2 id=\"protective-clauses\">Clauses that protect the company when things get complicated<\/h2>\r\n\r\n<div class=\"zl-tldr\">\r\n  <strong>TL;DR:<\/strong> Three clauses that templates consistently omit: an exit clause covering death, breach and voluntary departure; an anti-dilution provision protecting minority founders when new investors enter; and a key man clause defining what happens if a critical founder leaves. None of these are statutory requirements. All three become necessary the moment a dispute arises.\r\n<\/div>\r\n\r\n<p>Founders sign a Memorandum of Association in a period of optimism. Problems arise much later, under tension. By then it is too late to write what should have been in the document from the beginning.<\/p>\r\n\r\n<h3>1. Exit clause<\/h3>\r\n\r\n<p>What happens to the share of a member who wants to exit? Who dies? Who breaches the founding document? Each of these scenarios requires a different mechanism. A Memorandum that does not address them leaves all of these questions to a court.<\/p>\r\n\r\n<h3>2. Anti-dilution clause on investor entry<\/h3>\r\n\r\n<p>Every time an LLC increases its capital through a new investor, existing shares are diluted. Without an anti-dilution provision in the Memorandum of Association, a minority founder can end up with a negligible interest and no right to respond. This is particularly relevant for startups planning investment rounds.<\/p>\r\n\r\n<div class=\"zl-tldr\">\r\n  <strong>In a nutshell:<\/strong> A good company is built on a good idea and good people. A lasting company is built on that, and on a Memorandum of Association drafted for bad scenarios.\r\n<\/div>\r\n\r\n<!-- 5. COMMON MISTAKES -->\r\n<h2 id=\"common-mistakes\">What to watch out for: the most common drafting mistakes<\/h2>\r\n\r\n<div class=\"zl-tldr\">\r\n  <strong>TL;DR:<\/strong> The four mistakes we see most often: unanimity required for every decision, which makes deadlock inevitable; undefined timelines for non-cash contributions; no tailored share transfer procedure; and a director authority clause that grants unrestricted operational control to one founder. Each is easy to fix at incorporation and expensive to fix after a dispute starts.\r\n<\/div>\r\n\r\n<p>Based on daily work drafting founding documents and resolving disputes that arise from them, these are the omissions we see most often:<\/p>\r\n\r\n<ul>\r\n  <li><strong>Unanimity for all decisions in a multi-member LLC.<\/strong> Unanimity is the strictest threshold and the easiest route to deadlock. The Memorandum should distinguish between ordinary, significant and fundamental decisions, with different quorum and majority requirements for each level.<\/li>\r\n  <li><strong>Undefined contributions and deadlines for their transfer<\/strong> (note: the default statutory rule for private companies is five years, and this is not a fixed rule). If a founder contributes software, intellectual property or equipment, the value and the deadline for transfer must be precisely defined.<\/li>\r\n  <li><strong>Statutory minimum for share transfers without a tailored procedure.<\/strong> Who holds pre-emption rights? Within what deadline? At what price? What if they decline? A template leaves all of this to be governed by applicable law and answers none of these questions.<\/li>\r\n  <li><strong>Implicit authority granted to the director without a defined limit,<\/strong> or relying solely on the statutory provisions governing the scope of authority. A Memorandum that reads only \"the director represents the company independently without restriction\" gives one founder absolute operational control. For more on the rights and liabilities of directors in Serbian companies see our blog on <a href=\"https:\/\/zuniclaw.com\/en\/director-liability-serbia\/\">director liability in Serbian companies<\/a>.<\/li>\r\n<\/ul>\r\n\r\n<!-- 6. FAQ -->\r\n<h2 id=\"faq\">FAQ<\/h2>\r\n\r\n<!-- Developer note: Apply FAQPage JSON-LD schema to all Q&A pairs below via WPCode. -->\r\n\r\n<h3>Is a Memorandum of Association the same as Articles of Association in Serbia?<\/h3>\r\n<p>No. Under Serbian law, an LLC does not adopt Articles of Association; that form is used by joint-stock companies. The founding document of a Serbian LLC is the founding deed: a Decision on Incorporation for a single-member company or a Memorandum of Association for a multi-member one. The Memorandum serves the same function as articles of association: it defines the internal organisation, member rights and governance rules. In the case of a joint-stock company, a founding document with the minimum statutory content exists alongside the articles of association.<\/p>\r\n\r\n<h3>Can a Memorandum of Association be amended after registration?<\/h3>\r\n<p>Yes. An amendment requires a General Meeting resolution with the quorum and majority prescribed by the Memorandum itself, or by the Companies Act where the Memorandum is silent. The amended founding document must be registered with the BRA. Amendments are possible while everyone agrees; that is precisely why the original document matters, because under conditions of disagreement an amendment becomes impossible or prohibitively expensive. Note that for a joint-stock company, once the founding document is adopted it can no longer be amended; only the articles of association may be changed.<\/p>\r\n\r\n<h3>What is the difference between a Memorandum of Association and a Shareholders Agreement?<\/h3>\r\n<p>The Memorandum of Association is a public document registered with the BRA and available to anyone. A Shareholders Agreement is a private contract that does not enter the register. Content the founders do not wish to make public, such as pricing, financial terms and exit mechanisms, typically belongs in the private <a href=\"https:\/\/zuniclaw.com\/en\/members-agreement-serbia\/\">Shareholders Agreement<\/a>, while the Memorandum contains the statutory minimum and governance rules. The key distinction is that the founding document has constitutional effect and operates against all parties, while the members' agreement binds only the members who signed it.<\/p>\r\n\r\n<h3>Does a lawyer have to draft a Memorandum of Association in Serbia?<\/h3>\r\n<p>The law does not require legal representation for the preparation of the founding document. Compared to other service providers, however, professional legal drafting is an investment that cannot be measured against the costs that arise without it. For more on the registration process, see our guide on <a href=\"https:\/\/zuniclaw.com\/en\/company-formation-in-serbia\/\">company formation in Serbia<\/a>.<\/p>\r\n\r\n<h3>What happens if the Memorandum of Association does not address a particular scenario?<\/h3>\r\n<p>The Companies Act fills gaps with default rules: provisions that apply when the founding document is silent. Those default rules are designed for the average case. Your company is not the average case. The result is typically a legally valid but commercially unfavourable outcome for one or both founders.<\/p>\r\n\r\n<p>Our lawyers draft and review founding documents for single-member and multi-member LLCs, for domestic and foreign founders, every day. Every document is tailored to a specific ownership structure and business model. If you are incorporating a company, bringing in a new co-owner, or reviewing an existing founding document before a problem materialises, visit our <a href=\"https:\/\/zuniclaw.com\/en\/solutions\/\">practice areas page<\/a>.<\/p>\r\n\r\n<p style=\"font-family:'Poppins',sans-serif;font-size:14px;font-weight:600;color:rgb(79,94,112);margin:32px 0 8px 0;\">About the authors<\/p>\r\n<div class=\"zl-author\">\r\n  <strong>Written by: <a href=\"https:\/\/zuniclaw.com\/team\/kristina-jevtic\/\" target=\"_blank\" rel=\"noopener\">Kristina Jevti\u0107<\/a><\/strong>, Of Counsel | Zunic Law<br>\r\n  Kristina Jevtic is Of Counsel at Zunic Law Belgrade. Her areas of specialisation include corporate law and structural reorganisations, EU company law, insolvency law, international commercial law and intellectual property law.\r\n<\/div>\r\n<div class=\"zl-author\" style=\"margin-top:8px;\">\r\n  <strong>Reviewed by: <a href=\"https:\/\/zuniclaw.com\/team\/vitomir-zunic\/\" target=\"_blank\" rel=\"noopener\">Vitomir \u017duni\u0107<\/a><\/strong>,  Partner | Zunic Law<br>\r\n  Vitomir \u017duni\u0107 is the founding partner of Zunic Law. He has over thirty years of experience in commercial and corporate law, real estate law, labour law and dispute resolution. He represents some of the leading companies in Serbia and the region, and is recommended in the Legal 500 guide for employment law. Zunic Law is Law Firm of the Year for Serbia 2024 and 2025 according to the Lexology Index.\r\n<\/div>\r\n\r\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Updated: April 2026 &nbsp;|&nbsp; Next review: October 2026 Mark and Stefan are launching a software company. Good friends, full of trust. They find a Memorandum of Association template online, fill in the blanks, sign and file the registration application with the Business Registers Agency. Registration comes through in a few days. The company starts operating, [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":74763,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[112,132],"class_list":["post-74769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-law-en","category-company-formation"],"_links":{"self":[{"href":"https:\/\/zuniclaw.com\/en\/wp-json\/wp\/v2\/posts\/74769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zuniclaw.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zuniclaw.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zuniclaw.com\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/zuniclaw.com\/en\/wp-json\/wp\/v2\/comments?post=74769"}],"version-history":[{"count":4,"href":"https:\/\/zuniclaw.com\/en\/wp-json\/wp\/v2\/posts\/74769\/revisions"}],"predecessor-version":[{"id":74773,"href":"https:\/\/zuniclaw.com\/en\/wp-json\/wp\/v2\/posts\/74769\/revisions\/74773"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zuniclaw.com\/en\/wp-json\/wp\/v2\/media\/74763"}],"wp:attachment":[{"href":"https:\/\/zuniclaw.com\/en\/wp-json\/wp\/v2\/media?parent=74769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zuniclaw.com\/en\/wp-json\/wp\/v2\/categories?post=74769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}