- Start a Business
- Private Limited Company Registration
- One Person Company Registration
- LLP Registration
- Section 8 Company Registration
- 80G and 12A Registration
- Partnership Firm Registration
- Sole Proprietorship Registration
- Startup India Registration
- Nidhi Company Registration
- Producer Company Registration
- Public Limited Company Registration
- Pitch Deck
- US Incorporation
- Business Plan Preparation
- Manage a Business
- Transfer of Shares
- POSH Compliance
- Increasing Capital
- Payroll Maintenance
- Due Diligence
- Corporate Filings
- DSC & IEC
- Change Services
- Closure of Company
- MCA Filings
- Accounting & Taxation
- Income Tax
- Licenses & IPR
- Legal Services
- Legal Notice
- Founders Agreement
- Shareholders Agreement
- Finance Agreement
- Joint Venture Agreement
- Gift Deed
- Memorandum of Understanding
- Share Purchase Agreement
- Freelancer Agreement
- Sale Deed
- Make a will
- Service Level Agreement
- Power of Attorney
- Consultancy Agreement
- Franchise Agreement
- Term Sheet
- Non Disclosure Agreement
- Employment Agreement
- Relinquishment Deed
- Vendor Agreement
- Master Service Agreement
- Professional Tax Registration
- Labour Law
- Cyber Crime
- Rental Agreement
- Rent and Lease Agreement
- Cheque Bounce
- Employee Stock Option Plan (ESOP)
- Court Marriage Certificate
- Shop and Establishment Act
- Online Presence
- EPR Registration
- PRO Authorization
- Plastic Waste Authorization
- Refurbisher Authorization and License
- E-Waste Recycling Authorization
- E-WASTE MANAGEMENT
- Hydrogeological survey report
- Environmental Impact Assessment (EIA)
- Environmental Clearance
- Environmental Auditing
- State Pollution Control Board (SPCB) – NOC
- Bio Medical Waste Recycling Plant
- Authorization for Export of Hazardous Waste
- Solid Waste Management Authorization
- Hazardous Waste Management
- Authorization for Import of Hazardous Waste
- Plastic Waste Processors Authorisation
- EPR Post Compliance – Plastic Waste
- EPR Authorization for PWM
- Plastic Waste Management
- Plastic Waste Recycling Plant & PWM
- Construction and Demolition Recycling
- ESG Strategies
- Environmental Advisory
- TSDF Facility Services
- Authorized Vehicle Scrapping Facility (AVSF)
- iCAT Certification
- Environmental Licensing
- Registration for Scrap Battery Import
- Lithium-Ion Battery Import License
- New Lead Acid Battery Import License
- Battery Waste Management
- E-waste License for Dismantling
- CGWA-Water Boring
- License for charging station in UP
- Consent for Establishment (CFE) from SPCB
- Phase II Soil and Groundwater Investigations
- Pollution NOC
- Environmental Due Diligence
- Risk Assessment
- APEDA Registration
- Trade License
- RERA Registration
- Professional Tax Registration
- DOT OSP License
- FSSAI Registration
- FSSAI Basic Registration
- AD Code Registration
- MSME Registration
- FCRA Registration
- Right to Information
- Consumer Complaints
- Language Translation
- ISO Certification
Plastic waste management
HAZARDOUS waste management
A founders’ agreement is a legal contract between the founders of a company that outlines the terms and conditions of their business relationship. It typically covers key issues such as ownership, roles and responsibilities, decision-making, intellectual property, and exit strategies.
Expert in Founders Agreement
Best Compliance Firm For Your Company
Overview of Founders Agreement
A founders agreement is a legal contract between co-founders that outlines their roles, responsibilities, ownership, and investment proportion when starting a business. It’s important to have this agreement in writing rather than verbally agreed upon. All co-founders must agree to the terms when incorporating the company.
The purpose of a founders agreement is to prevent future disputes among co-founders by establishing clear guidelines and strategies for them to follow. It can also address unforeseen events, such as the death or resignation of a co-founder, which could impact the business.
Advantages of Founders Agreement
|Establishing the Business Entity||The founders agreement outlines the type of business entity to be established by the co-founders, setting the direction for the company|
|Outlining Business Plans||This agreement describes the vision, mission, and goals of the entity, which helps co-founders work towards a common goal|
|Designating Roles and Responsibilities||A founders agreement assigns roles and responsibilities to each co-founder, helping avoid overlapping roles and potential conflicts|
|Structuring Ownership||The agreement specifies the structure of ownership, outlining the percentage of equity shares held by each co-founder, which helps avoid future conflicts|
|Decision Making Process||The agreement provides a procedure for handling ideological conflicts between co-founders and outlines the voting system, defining the value of votes for each founder|
|Compensation Provisions||The agreement outlines the scheme of compensation to be made in case a co-founder violates the provisions mandated, which ensures fairness among co-founders|
|Expulsion of Co-founders||The agreement provides a structure for dealing with co-founders who engage in fraudulent activities and outlines the process for reverting appropriate funds|
Drafting a founders agreement can be a complex process, but with the right guidance, it can be simplified. Here’s a step-by-step guide to help you draft a founders agreement using legal suvidha:
Step 1: Prepare the Draft: Create a comprehensive draft of the founders agreement that includes all necessary fields such as company objectives, terms and conditions for co-founders.
Step 2: Review and Revise: Once the draft is complete, review it to ensure all mandatory provisions are included and there are no ambiguous clauses.
Step 3: Add Additional Information: Add any additional information or provisions that may be necessary.
Step 4: Obtain Acknowledgement: Once the final draft is complete, ensure all co-founders acknowledge and accept the agreement.
Step 5: Notarize the Agreement: Notarize the agreement on a non-judicial stamp paper to make it legally binding.
Step 6: Obtain Signatures: Obtain signatures from all co-founders on the agreement.
Step 7: Seek Expert Guidance: Before finalizing the agreement, seek expert guidance to avoid disputes and ensure all provisions are legally sound.
1. Address proof of all co-founders
2. Identity proof of all co-founders
3. Identity proof of witnesses
4. A clear objective of the company
5. The number of equity shares of each co-founder
6. The overall percentage of shares of each co-founder
FAQ's Founders Agreement :-
A founders’ agreement is a legally enforceable document that describes the obligations and rights of each owner of a company. It is often in writing. It could be a separate document or it could be included in a partnership agreement, an LLC operating agreement, or corporation bylaws.
A shareholder’s agreement, which is used by corporations, is comparable to the operational agreement, which is what limited liability firms use. The founding agreement is more private to the particular founders, but the operational agreement is more about corporate governance and good business practise.
The co-founder of the company must operate within the boundaries set forth in the Founder’s Agreement. This document also guarantees that a co-founder will remain dedicated to the business and won’t pursue other jobs.
To distribute a startup, two or more people frequently work together. A co-founders agreement is one of the many formalities that must be finished before a firm may launch. Startup founders should not skip this stage because it will protect them if things do not turn out as expected.
Why People Choose Our Services ?
Free Legal Advice
We provide free of cost consultation and legal advice to our clients.
Tech Driven Platform
All our services are online no need you to travel from your place to get our services.
We are a team of more than 15+ professionals with 11 years of experience.
There are no hidden & extra charges* other than the quote/invoice we provide.
100 % Client Satisfaction
We aim that all our customers are fully satisfied with our services.
We value your time and we promise all our services are delivered on time.
Why Trust legal Suvidha?
People Who loved our services and what they feel.
In this Journey of the past 10+ years, we had gained the trust of many startups, businesses, and professionals in India and stand with a 4.9/5 rating in google reviews.
Reno K Subramaniam
I have recently registered a Private Limited firm and was looking for a CA to take care of the filings, Startup India Certificate, and other formalities. I have received emails from legal Suvidha and a few others. I tried talking to them all. But, Mr. Mayank from Legal Suvidha was very impressive and was patient enough, prompt to answer all the queries. He has a very professional team and after the initial formalities, I started interacting with the team. It's not even 2 weeks but I really feel overwhelmed by their service and professionalism. I received my startup India certificate yesterday and my filings have been done promptly. The team at legal suvidha Ms. Nidhi, Ms. Priyanka, Ms. Koshika, and Ms. Saloni all show the same professionalism and are readily available to take care of the official filings and stuff. Overall a great experience till now and looking forward to a great journey!
Legal suvidha is a team of genuine and experienced professionals who give you best services according to your profile
Saloni from legalsuvidha has done a excellent job for filling and geting certificate of DPIIT. Thanks to legalsuvidha.
Team Legal Suvidha offers a brilliant service. There communication is quite clear and they execute the job meticulously. We are a startup private limited company and their advice is so critical in making my decision. Well done team. Keep it up. Prakaash Hari, Director, ipixela.
Dedicated team and fast response
Dr. Vishal Ghag
Been using their services since 3 years now and I am absolutely happy with Legal Suvidha. They have been supportive, understanding and highly skilled at helping me with my business needs.
Stay Updated With Our Blogs!
Explore more of our blogs to have better clarity and understanding
of the latest corporate & business updates.
Subscribe To Our Newsletter .
Sign up to receive email updates on new product announcements, special promotions, sales & more.