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A memo is an internal business letter
The memo is an important form of professional communication -- a sort of internal (within the organization) business letter. It is used so commonly in professional settings that it is frequently taught in college courses.
Memos are often brief (or they are supposed to be) and tend to be formal but can also be somewhat flexible in format depending on the organization and purpose. See below for a traditional memo format. Memos are usually sent within an organization and so conform to internal expectations rather than fit a universal standard for memo format. Often these are prepared to not only inform but also serve as a record of action so it may be filed permanently and/or disseminated widely even if addressed to only a few key people who are actually involved in the topic.
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