What do you value your time at? If you value your time at $40 an hour (which is incredibly low for any professional) and it takes the average person 5 hours to write out an MOU, then that MOU cost you $200. The prospectus must be approved by the competent authority in the United Kingdom, which is currently the Financial Conduct Authority (FCA) in its capacity as the United Kingdom Listing Authority. If the purpose of the prospectus is to induce people to engage in an investment activity, it will also need to be issued or approved by an 'authorised person' or it will constitute an unlawful financial promotion under section 21 of the Financial Services and Markets Act 2000. Publication of information in relation to the issue of securities in the United Kingdom is governed by the Prospectus Rules, which implement the European law Prospectus Directive. A prospectus must be published where certain types of securities either are offered to the public or are requested for admission on a regulated market. Public Participation Playbook is an open government priority included in both the first and second U.S. Open Government National Action Plans as part of the United States effort to increase public integrity in government programs. If the model articles are not being adopted then the full articles need to be sent to Companies House when applying to form the company so that Companies House can review them to ensure that they are acceptable. If there is a perceived problem with the articles of association Companies House will refuse to approve the formation of the company until the articles are amended. A one page proposal normally summarizes the work to be done on the proposed project. It contains a similar structure as any other proposal but without too many details indulged.