What is a founders’ agreement? A founders’ agreement is a contract between the co-founders of a company. It essentially sets out the ownership, duties, responsibilities, and the initial investment of each founder. It is advisable to enter into such an agreement during the incorporation stage of the enterprise. This would ensure that the roles of each founder are clearly laid-out. Why
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In India following are the common structure of business entity that can be formed in order to run a business – Private Limited Company Public Limited Company Unlimited Company Limited Liability Partnership (LLP) Partnership Sole Proprietorship In addition to the above, a branch office, subsidiary company or a Joint Venture company can be incorporated as
A Start-up lawyer, in the process of incorporating a Company, drafts many legal documents as a part of the formation and incorporation process. One of the most important steps undertaken by a Start-up lawyer is to define the relationship of a company with the shareholders. The document which governs the relationship of the company and
Any startup be it fintech, cleantech, mobile, software, hardware, IT, food, health, etc. will need to invest time and effort into drafting and executing multiple legal documents with their employees such as Non-Disclosure Agreements, Offer letter, Employment Agreement, etc. A well drafted document will capture the existing understanding between the parties and will help in mitigating
On incorporation, a private limited company must file its Articles of Association for registration with the Registrar of Companies. The Articles of Association must be filed electronically as eAoA (INC-34) along with Simplified Proforma for Incorporating Company electronically (SPICe) INC-32. SPICe was introduced in 2016 to facilitate incorporation of a company by way of a