Startup documents – a full set of documents about the company with its brief operating activity history.
One of the requirements for a startup is creating the legal documents for startups. Meanwhile, startup documents are one of the factors determining the success of the project promotion.
Using this document, the founders fix their mutual expectations, which will avoid conflicts in the future.
Often, founders of startup projects rush to register a simple agreement for future equity. In such a situation, the Charter (Bylaws) must determine the percentage of votes for serious decisions within the company. It is also important to remember that the charter should take into account the peculiarities of a startup.
These business startup documents protect the features of development. It must be concluded before conducting any business negotiations between the parties in order to protect the ideas of the founders and ensure the protection of intellectual property.
What is included in start-up documents regarding confidentiality?
This document must be signed by everyone involved in the development of the project. Even small performers should be considered.
Founder’s shareholder agreement
This document is intended for those cases when the project is ready to accept private investment. The document defines the rights of shareholders, as well as the cases when these rights can be applied. Shareholders' rights include the following:
Employment contracts without vague wordings are an important part of a startup. Project managers must draw up employment contracts for all employees and offers for new staff. These documents will provide a clear understanding of employee responsibilities. Employment contracts and offers must contain the following information:
A startup consultant can help with the drafting of all of the above documents.