Important Documents required for your Business

-

 There are nine fundamental legal documents you need to have in place before Business Setup in India.

1. Memorandum of Understanding

2. Registration of the Trademark

3. Non-Disclosure Agreements

4. Employee Contracts Along with Offer Letters

5. Shareholders Agreement

6. The Service Agreement of Directors

7. Business Plan

8. Terms and Conditions Related to the Supply of Goods or Services

9. Terms of Use Agreement for Website Endnote

 

• Memorandum of Understanding (MoU)

If you want to start a business then the first thing that comes to your mind is standard deed you and your partner’s interest in the company. A Memorandum of Understanding is what we can call it. It showcases the normal or basic terms of understanding and clarifies what kind of contribution can anticipate from each other.

• Registration of the Trademark

It is very great for your future because it helps to strengthen your business. It creates a brand image over time. It is the unique identity of your product and services. The Controller General of Patents, Designs, and Trademarks, under the Ministry of Industry and Commerce register trademarks in India. It helps to build trust, goodwill, and reliability with the customer base. The registered trademark always gives you legal protection. It also helps in creating popularity, a name and the best thing is it becomes a valuable asset.

• Non-Disclosure Agreements

The first document you need to produce while dealing with clients or an investor is the non-disclosure agreement. It shows your companies privacy. This agreement also helps to protect your intellectual property rights. The great thing about this agreement is a non-disclosure agreement allows you to create a trustworthy relationship between all the signatories.

• Employee Contracts Along with Offer Letters

If you want to start a business then every business needs a workforce to start their operations. And every new workforce is needed to give a proper contract of employment.

1. Terms and conditions of employment

2. Reporting structures

3. Intellectual property ownership of the work

4. Job role and expectations

5. Share vesting

6. Company policies

 

CONCLUSION

Here we discussed only a few points about the legal document. If you want to know in detail information then visit the official website.

Read More "Transfer Pricing"

Comments

Post a Comment

Popular posts from this blog

How to set up a business in India?

-
 In the present scenario, it is very easy to start a company in India. The best thing is it takes less time according to past years. Now it takes less than five weeks to register a company in India. Before planning to set up a business in India firstly you have to decide which type of business is required. There are two types of companies: private limited companies and public limited companies. LIAISON OFFICE It is the basic form of business presence that a foreign company can have in India. It is granted by (Reserve bank of India) RBI. It is established by foreign companies to advertise their business interests by spreading awareness of their products or services and exploring opportunities for business and investment in India. SCOPE OF ACTIVITIES: •             Represent the parent/group companies in India •             Promote exports and imports from...
Read more

Advantages and benefits of Universal Account Number (UAN)

-
Image
UAN is a 12 digit number employer contribution to EPF. The universal account number of an employee remains the same if he or she changes the job.  If someone switches the job then EPFO allows a new identification number.  Benefits of UAN • Universal Account Number helps to check employee data. • It down the burden of employee verification from employers and companies by EPF organization. • Useful for EPFO for tracking multiple job switches of employees. • It helps to check the bank details & KYC of the member & KYC without any help from employers. • anytime EPF withdrawals have reduced the introduction of Universal Account Number (UAN). Required Documents for UAN • Bank account information — Account number, branch name, IFSC code. • ID proof — National identity card like Passport, Voter ID, Adhaar card, Driving License, SSLC book; any photo-affixed. • Address proof • Aadhaar Card • PAN Card • ESIC Card Things to Keep in Mind at the time of using...
Read more