Starting a Business in India? Documents You Can't Ignore! | Part 1 | LawWiser | #GetWiserEveryday
Every business needs some important papers to work properly. These papers help the business do things like buying and selling stuff, talking to people, and doing their jobs well.
There are different types of business papers. Let's talk about some of them:
Bylaws: These are like rules for the company. They say what the company's job is, what the people who own it can do, and when they have to meet.
Non-Disclosure Agreement (NDA): This is a special paper to keep secrets safe. When a business shares secret stuff with someone, they can make that person sign the NDA. It's like a promise not to tell anyone else.
Operating Agreement (for LLCs): If a company has more than one owner, they use this to decide how they make decisions and run things.
Minutes of Meeting: This is a way to write down what happens in meetings. It says who was there, what they talked about, and what they decided.
Employment Agreement: When someone works for a company, they have rules to follow. This paper has those rules and what the company expects from the worker.
Business Plans: These are like roadmaps for the business. They show what the business wants to do and how they'll do it. They also study what other businesses are doing.
Business Reports: These are papers with numbers and facts about the company. They help the business know how well they're doing and how to fix problems.
Learn more about these documents in this videos and we'll talk about other important documents in the next parts. Stay tuned and subscribe for more!
