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Legal Documents Required for Startup

What Legal documents Required for a Startup

What are Legal documents for Smooth Run Startup

Entrepreneurs are known to gamble with calculated risks as a recipe to success. Startups are a playground for entrepreneurs to showcase their bubbling skills and risk-taking abilities to the world. But one should ensure that they don’t end up in legal soup by missing out on any of the important legal documents that are required by every new startup.

Here are the top 7 legal documents you must possess as a new startup to stay away from legal troubles down the road:

A non-disclosure agreement (NDA)

A Non-Disclosure Agreement is the first piece of paper that you need to reach out for when dealing with any investor or client. These documents ensure that the confidentiality of your company, as well as that of the other party, remains protected.

NDA papers are not limited just to potential customers or clients but are also a viable asset to keep the reign tight on your employees. This will safeguard any potential leaks to outside sources.

Employee contracts and offer letters

What is a company without its employees,? They are the most important element of your business. That is exactly why you need to ensure proper contracts for each new addition to your organization as you grow. It may not seem important as a startup with limited initial capacity. But it will go a long way in making your employees understand their values and expectations of the company from them as an asset. Every such document should contain:

·       Company rules and policies

·       Expectations

·       Terms of employment including compensation, working hours, conditions of termination, etc.

·       Ownership of work

Shareholder agreements

Once your startup is ready to take the plunge with private investments, a Shareholder’s Agreement needs to be put in place so as to determine the rights of these shareholders and their ability to exercise these rights. These agreements, like spousal support after remarriage, are extremely crucial as they define the relationship between the shareholders of a particular company and are invaluable in case a co-founder decides to leave.

Bylaws

Every organization needs a definite set of working rules or principles that govern that space. Bylaws act as those set of rules. They ensure that every startup functions smoothly with precision and gives voice to everyone involved in the startup’s working. Bylaws can include but are not limited to voting rights to select leadership, the election of board members or taking approvals as well as other internal functioning.

Intellectual Property assignment agreements

For most startups, Intellectual Property and strong beliefs constitute the perfect recipe to success. However, many startups forget to secure these Intellectual Property rights. Startups also bank heavily on intellectual property as their portfolio assessment is what sells the company to probable investors. Having complete ownership of your IPs is of utmost importance. There are two types of IP agreements to take into consideration:

Technological Assignment Agreements are made between a shareholder and the company. Here the shareholder assigns their intellectual property to their company. These consist of the intellectual property of individuals before the formation of the company.

Invention Assignment Agreements are relevant when there is a new product or service created by a company’s employees. Invention Assignment Agreements ensure that the company owns all rights of the IP portfolio in this case.

Founder’s agreement

In case of startups with multiple founders or founding parties, it becomes imperative for them to sign an agreement that defines the working relationship of all parties and form outlines to define boundaries that would prevent any disputes in the future.

Incorporation agreement

A common mistake committed by new startups is the failure to check on putting up a proper business plan in place. Things, like setting sole ownership and not setting up a separate legal business image, can cost entrepreneurs huge losses in terms of income tax returns and personal savings and property.

Wrap up

While these legal documents are no sure shot recipe to success in your ventures, they are, nevertheless, a testament to your dedication to taking your startup to new heights with proper preparation. So put some effort into getting the legal formalities out of the way for a brighter future as a company.

FOR ANY ASSISTANCE ABOUT ACCOUNTS OR LEGAL HELP FOR YOUR STARTUP

HOSPO24 Startup HELP

IELTS Tips

IELTS Tips for crack study Visa Interview

IELTS Tips for crack study Visa Interview. In this lesson, learn some tips on how to improve your listening, Reading, Speaking, Writing skills for multiple choice type questions. we learn more about a common way that you are tricked into writing the wrong answer. Learn about this so you can avoid the mistake. Predicting what you are going to hear is a really important skill that can help improve your listening and increase your score.

Lesson 1: IELTS Listening (सुनना)

इस  क्षेत्र  में  सुधार  लाने  के  लिए  कोई  भी  अंग्रेजी  फिल्म  चैनल  देखें | इससे  आपको  खूब  अच्छा  अभ्यास  मिलेगा | हो  सके  तो  अंग्रेजी  गाने  सुनिए  और  अंग्रेजी  समाचार  चैनलों  को  देखिये | आप  हर  रोज  एक  अलग  YouTube  वीडियो  भी  देख  सकते  हैं  | सबसे  अच्छा  यही  है  कि  आप  अंग्रेज़ों  को  अंग्रेजी  बोलते  हुए  सुनिए |

Lesson 2: IELTS Reading (पढ़ना)

आप  रोज़  Times of India और  The Tribune  जैसी  अंग्रेजी  की  अखबारें  पढ़ें , शुरू  से  लेकर  अंत  तक | इससे  आपकी  शब्दावली (vocabulary) और व्याकरण  (grammar) बेहतर  होगी | पढ़ते  समय  आप  प्रमुख  तिथियों  (important dates) , घटनाओं  (events) और  लोगों  के  नामों  को  रेखांकित  (underline) करें , क्योंकि  IELTS  में  कई  सवाल  इन्हीं  पर  आधारित  होते  हैं  | IELTS Test  के  दौरान  आपके  लिए  समय  प्रबंधन (time manage) करना महत्वपूर्ण  है | यदि  आप  प्रश्न  के  उत्तर  प्राप्त  करने  में  असमर्थ  हैं , तो  इसे  छोड़  दें  और  अगले  पर  जाएं , आप  हमेशा  वापस  आ  सकते  हैं | कई  बार  सबसे  आसान  सवाल  अंत  में  होते  हैं , इसलिए  पूरा  पेपर  पढ़ने  का  प्रयास  करें |

Lesson 3: Speaking (बोलना)

अपने  परिवार  में  किसी  व्यक्ति  या  मित्र  को  पकड़  लें , जो  अंग्रेजी  बोल  सकता  है । हर  दिन  अंग्रेजी  में  आधे  घंटे  के  लिए  उनके  साथ  बातचीत  करें | परीक्षा  से  पहले  रट्टा  लगाने  का  वह  फायदा  नहीं  होगा  जो  कि  इसका  होगा | ज़रूरी  नहीं  कि  आप  IELTS  के  विषय  में  बात  करें , आप  उस  सब  के  बारे  में  बात  करें  जो  आप  रोज़  करते  हैं  जैसे  क्रिकेट  और  फिल्में , लेकिन इसे अंग्रेजी में करें | यदि  आप  गलती  करते  हैं  तो  चिंता  न  करें , हर  कोई  ऐसा  करता  है , आप  प्रयास  करते  रहिये  और  अंत  में  जीत  आप  ही  की  होगी |

Lesson 4: IELTS Writing (लिखना)

आप  अपना  Blog  शुरू  कीजिये | आजकल  एक  ब्लॉग  लिखना  और  उसे  Facebook  पर  डालना  बहुत  ही  आसान  है । आप  IELTS  से  सम्बंधित  कोई  भी  निबंध  लिख  सकते  हैं , अपने  ब्लॉग  पर  पोस्ट  कर  सकते  हैं  और  फिर  अपने  अंग्रेजी  में  माहिर  मित्रों  से  उन  पर  टिप्पणी  करने  के  लिए  कह  सकते  हैं | यदि  आप  चाहें  तो  Google  पर  “sample IELTS essays”  खोज  सकते  हैं  और  संदर्भ  (reference)  के  लिए  उनका  इस्तेमाल  कर  सकते  हैं |

Family Law

Type of Family Law in India

Kainth Consultants provides legal solutions for Matrimonial and Family Disputes. The firm advises its foreign and domestic clientele on all aspects of matrimonial and family matters.

We regularly provide assistance to its clients in the areas of:

  • Family Laws
  • Divorce Matters
  • Maintenance Cases
  • Cases under Domestic Violence
  • Child Custody Matters
  • Restitution of Conjugal Rights
  • Dowry Cases
  • Rights of Hindu Women in Undivided Property
  • Cases pertaining to Rights of Muslim Women
  • Registration of Marriages, and
  • Non-Resident Indian (NRI) Divorce Matters

Most Productive Tips For Consultants

Do you want to become more productive? Who doesn’t, right?

In fact, there’s a huge industry and thousands of books written on how to become more productive. There is a problem with all of this, however. The problem my friend is that learning how to become more productive has been made too complicated. The very act of following specific lists, keeping organized plans, charts, using special programs – makes being productive a job in and of itself. 10 productivity tips that are easy to implement in your life. When I say easily that doesn’t mean change on your part isn’t required. It means they can be put into action right away and results that you can see instantly.

1. Be Specific About Email Times

Most people open their email program every few seconds anticipating the next email. Worse yet others have notifications that go off on their phone or computers to notify them of new email. This may be one of the deadliest productivity killers. Don’t do this! Instead, have set times during the day that you check and respond to email. If that’s too big of a shift to make, start by closing your email program and only opening it between finishing and starting other priority tasks. If you’re only checking email once or twice a day a great tip is to set up an autoresponder that people will get that notifies them that you check email at certain times during the day and that you’ll respond then. The autoresponder isn’t critical and it’s more for your peace of mind then for the person that emails you. Who really can’t wait 4-5 hours to get a response?

2. Quit the Phone

I’m on client calls, coaching calls and sales calls making deals almost every day. I initiate those calls and they are scheduled in advance, sometimes many weeks in advance. I don’t pick up the phone. Why? Because it’s a disruption. It takes me away from my core work, my priority, the area I can add the greatest value in. If the person calling feels it’s such an emergency to get a hold of me they’ll call again, probably repeatedly. Seriously, how often is a phone call a real emergency? You may have heard of a technology called voicemail? It’s where people can leave you a message so you can return it later. Remember that? Use it! Picking up calls every time the phone rings doesn’t help you to be more productive.

3. Don’t Get Too Cuddly With Social Media

Like checking emails many people have an obsession with social media. They check their Facebook, Twitter, Instagram (fill in other social media platform) several times throughout the day. Often they do this several times an hour. And what happens when you do this? You end up reading an article, watching a video, clicking around to other sites. Unless you’re taking a break these actions aren’t helping you. When you’re ‘working’ on social media be clear that the actions you’re taking are helping you to make a sale or grow your business.

4. Focused Not Unfriendly

I’ve written about How to Get Better at Saying No and this is a skill and decision that impacts your productivity. It’s not always easy to turn down an invitation from a friend to meet for coffee. But when you know you need to get other priorities done for your business saying ‘No’ is critical. You’ll find as you become more successful more people will want access to you, they’ll want to take your time. And that’s great. Be honored and appreciate that. However, you can’t allow what others want to take you away from your goals and the achievements that you’re working towards. I remember when I was launching one of my first businesses many friends would invite me to join them for drinks or to hang out. I said ‘No’ almost every time. Not because I didn’t value them as friends but because I had set my priorities. Did they think I was crazy? Probably. Did they say I wasn’t ‘social’? I’m sure. Did I care? Not really. Once you’re clear on what you want you need to keep your head down and focus on it. That doesn’t mean you don’t socialize or have fun. Just balance your priorities so you’re not being taken off course.

5. How Clean Is Your Desk?

The more organized my desk and working environment is the more focused I feel. Nothing is grabbing my attention. Papers aren’t piled everywhere. This is an easy change to make and yet the impact can be dramatic. Look at your working environment and ask yourself ‘Is this environment helping me to be focused and productive or is it filled with distractions?’ Then deal with it accordingly.

6. Be One With the Music

I listen to music throughout the day. Music is a huge part of my life. Even as I’m writing this right now I have some chill tunes playing. Music helps you get into your flow and to concentrate on what you’re doing. But it needs to be the right kind of music. In my case I find music that has a lot of vocals tends to distract me. On the other hand listening to jazz, world music or even some deep house without a lot of vocals really helps. I’ve never been a huge classical music fan, though I’ve found that sometimes I really enjoy it and it’s great when I’m writing or concentrating on my work.

7. Keep It Moving

Some of my best ideas come to me while I’m swimming or at the gym. Exercise plays a significant role in not only physical health but also mental health. It provides clarity. Whether you get up every 40 minutes and stretch or go for a late morning or mid-afternoon walk – it doesn’t matter – as long as you’re up and moving. The health benefits are clear. But the movement and activity also gets your mind more focused and relaxed. When you come back to your work you’ll be sharper and more productive. If you’re not trying this already, be sure that you do.

8. The Secret Ingredient

One of the greatest productivity ‘secrets’ is simple to say (and to do) yet very few people do it. Here it is: tackle your #1 priority at the beginning of each day. This will have a huge benefit on your productivity. When you leave your main priorities for later in the day you often don’t get to them. Or by the time you do you feel drained and can’t do them as well as you’d like to. The solution is to start your day with a clear focus an intention on that #1 priority. Doing this 5 days a week results in 20 critical actions each month that will help you to move your consulting business forward in a meaningful way.

9. Let Go

If you want to truly become more productive you have to learn to let go. Delegating is the best way to do this. Rather than trying to hold on to everything ‘because you can do it best’ give more work away. Hire contractors or support staff that can take the routine and administrative work away from you. Why spend your time working on $10/hr work when you should be focused on higher value work that can make you thousands of dollars? Setting the right people up to help can take a few days or even weeks to get right, but once you do, you’ll never go back. You’ll be spending more of your time doing the work you enjoy and creating more value…while doing less of the work you dislike and having someone else take care of it for you.

10. Rise and Shine

Countless articles (like this one from the Guardian) show how the most successful executives get up early. Most start their day around 5 am. Does that mean you have to get up that early too? No. But realize that the earlier you get up the more you can get done before the rest of the world is moving. You’ll have fewer emails, phone calls, and other distractions trying to get your attention early in the morning. This leaves time for you to get deeply focused on your #1 priority for that day and complete it before the rest of your nation even wakes up.