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About Founders' Agreement
A founders' agreement is a document, involving a company with two or more founders, specifying the details of the development of the company, such as the share of ownership and guaranteed obligations of the different founders.
It can be treated as a baseline for how co-founder relationships will work and how a company is structured. It is important to remember that a founders’ agreement is an initial assessment of how things stand when the business is young. It’s a negotiable document, liable to change.
A founders' agreement must essentially include:
The names of co-founders
The name of the business
The goals of the company
The roles and responsibilities of co-founders
Division of equity
The fundamental aspect of a Founders' Agreement must be that it codifies the rules business partners will adhere to as the business grows and prospers. It's important to discard possible disagreements before they affect the business negatively. The agreement must ensure that everyone knows where they stand, as far as ownership and decision-making powers are concerned.
Self Attested PAN Card copy
Self Attested copy of any one of the Identity Proof(Voter's ID/Passport/Driver's License)
Self Attested copy of Address Proof in the name of director (Any utility bill i.e., mobile bill/water bill/ electricity bill, or bank statement which should not be older than two months)
Rent Agreement (Notarised: For rented property)
Sale Deed/Property Deed in English (in case of owned property)
No-objection Certificate from property owner
Latest Electricity Bill / Mobile or Telephone Bill / Latest Bank Statement/Gas Bill
Founders' Agreement Process
Obtaining DSC & DIN
Drafting MOA And AOA
Affordable Legal Services
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