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Startup owners battle with the challenges right from the beginning of the venture. The market is their playground, and they have to upskill and show their skill set. But one should ensure that they do not end up in Legal Documentation matters and might not want to face the legal proceedings in terms of business or Online Legal Documentation.
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5 Essential Legal Documents for Startups Startup owners battle with the challenges right from the beginning of the venture. The market is their playground, and they have to upskill and show their skill set. But one should ensure that they do not end up in Legal Documentation matters and might not want to face the legal proceedings in terms of business or Online Legal Documentation. There are many mistakes startups make in their early stage of setup. Keeping essential Encumbrance Certificate handy for the business, like a trade license and rental agreement, is very important. However, we understand that founders have much essential and urgent to look upon. Hence, Doqfy offers an affordable and automated workflow platform to boost your legal documentation. Here are the top 10 legal documents startups should complete and possess for the successful setup of a Startup. Trade License
Any business that wants to conduct commercial business needs a trace license for making a strong presence. The Trade license authenticates that you are licensed by the local authority about the business conduct. Your customers feel safe trading with you and make you look legit. Trademark Whenever you are doing something different and if you have a USP of service, method, or product, it is better to get a trademark for the business. This is to ensure that your business is safe from the competition and no other commercial competitors will try your methods in the market. Incorporation papers When you are starting a company, you might want to incorporate yourself as a legal entity. You can register yourself as a company, partnership firm, or LLP. Your legal entity will decide your tax structure and which laws are applicable to you in India. Online Rental Agreement When you are conducting your business in a leased or rented space, you must procure a Rental Agreement for your business space. The Notarized Rent Agreement helps startups to show to their customers that they are legit and you are legally working the space.