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Why Do I Need an Employment Contract for My Startup Team?

  Why Do I Need an Employment Contract for My Startup Team?" ๐Ÿ‘ฅ๐Ÿ’ผ #EmploymentContractsIndia #StartupHiring #LegalEmployment #EmployeeProtection #IndianLabourLaws #StartupLegalBasics #FoundersGuide #WorkplaceSecurity ๐Ÿง‘โ€๐Ÿ’ป๐Ÿง‘โ€โš–๏ธ Founder: โ€œWeโ€™re all good friends. Canโ€™t we just shake hands?โ€ Lawyer: โ€œWell, a handshake doesnโ€™t cover non-compete clauses or termination terms, does it?โ€ ๐Ÿ˜…๐Ÿ’ฅ ๐Ÿ“œ The Power of an Employment Contract An employment contract is your legal safety net . Without it, youโ€™re leaving your business open to misunderstandings , disputes , and liabilities . ๐Ÿ“‰ From your employeeโ€™s salary to their exit terms, itโ€™s all legally defined and protected in a solid contract. ๐Ÿ”‘ Key components: โœ” Job role and responsibilities โœ” Compensation, benefits, and bonuses โœ” Working hours, location, and leave policies โœ” Non-compete and non-disclosure clauses โœ” Confidentiality obligations โœ” Termination conditions #EmployeeRightsIndia #EmploymentContractBasics #StartupHiri...
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Can I Run a Business Without Registering a Company in India?

  Can I Run a Business Without Registering a Company in India?โ€ ๐Ÿง‘โ€๐Ÿ’ป๐Ÿ›๏ธ๐Ÿ“ฆ Client Question of the Day: "Sir, Iโ€™m running an Instagram business selling handmade candles. Do I have to register a company? Or can I stay solo and low-key?" ๐Ÿ•ฏ๏ธ๐Ÿ“ฒ๐Ÿ˜… ๐Ÿ”ฅ Top Keywords : Business Without Registration India, Sole Proprietorship India, Company Registration Law, MSME Registration, Startup India Compliance #UnregisteredBusinessIndia #SoleProprietorship #StartupIndia #CompanyLawIndia #BusinessRegistrationIndia #LegalBusinessTips ๐Ÿ’ก Answer : Yes, you can run a business without registering a company โ€” but should you? ๐Ÿค” Letโ€™s break it down: ๐Ÿ”น Sole Proprietorship โ€“ You donโ€™t need to register a Pvt Ltd or LLP to start selling online. All you need is a PAN card, GST (if applicable), and a bank account. ๐Ÿ’ณ But hereโ€™s the catch: YOU = BUSINESS , meaning you bear all liability personally ๐Ÿ˜ฌ ๐Ÿ”น No legal separation โ€“ If someone sues your business, theyโ€™re suing you ๐Ÿงพ๐Ÿ‘จโ€โš–๏ธ ๐Ÿ”น Limit...

MoU, Term Sheet or Agreement โ€” Whatโ€™s the Real Deal?

  MoU, Term Sheet or Agreement โ€” Whatโ€™s the Real Deal?" ๐Ÿคฏ๐Ÿง #MoUIndia #TermSheetExplained #StartupAgreements #BusinessLawIndia #DealDocumentation #LegalContractsIndia #FoundersLegalHelp #LexisAndCompany ๐Ÿ‘จโ€โš–๏ธ๐Ÿ“ƒ Founder: โ€œWe signed an MoU with the partner. So weโ€™re good, right?โ€ Lawyer: โ€œWellโ€ฆ unless you want that 'deal' to vanish faster than your weekend!โ€ ๐Ÿ˜‚๐Ÿ“‰ โš–๏ธ Letโ€™s Break It Down: MoU vs Term Sheet vs Agreement ๐Ÿ“ MoU (Memorandum of Understanding) ๐Ÿ‘‰ It's a gentlemanโ€™s handshake on paper ๐Ÿ‘‰ Usually non-binding ๐Ÿ‘‰ Good for exploratory collaborations or early-stage talks ๐Ÿ‘‰ Can set the tone โ€” but wonโ€™t hold up in court if breached โœ… Use when: you're exploring partnerships or early discussions โŒ Donโ€™t rely on it for enforceable obligations #MoUBasics #StartupLegalDocs #InitialBusinessTalks ๐Ÿ“ƒ Term Sheet ๐Ÿ‘‰ A summary of deal terms (like valuation, equity split, exit clauses) ๐Ÿ‘‰ Common in investment deals and acquisitions ๐Ÿ‘‰ Can be binding or n...