Documentation Registration
- 1. DOCUMENTATION REGISTRATION
- 2. WHAT IS DOCUMENTATION Something transposed from a thought to a document ; the written account of an idea. It is usually paper books or computer readable files (such as HTML pages) that describe the structure and components, or on the other hand, operation, of a system/product.
- 3. Subfields of documentation includes : Scientific documentation Technical documentation Legal documentation Administrative documentation Historical documentation
- 4. IMPORTANCE OF DOCUMENTATION Documentation will Reduce liability, Mitigate risk from lawsuits and unforeseen events, Resolve disputes, Outline the details of wealth distribution Clearly define the specific roles of the partners, employees, advisors, Board of Directors and other company stakeholders; ;
- 5. Raise capital; and Define the business objectives and execution strategy. Clearly define the specific roles of the partners, employees, advisors, Board of Directors and other company stakeholders
- 6. A good but far from comprehensive documentation list... Standard Operating Procedures A document that outlines the relevant corporate policies, decision making procedures, business processes, accountability controls, etc.
- 7. Incorporation Documents The incorporation documents should also serve to limit liability by serving as a shield to protect the personal assets of investors, managers, etc.
- 8. Shareholder's Agreement A shareholder's agreement will help facilitate a smooth transition for the remaining partners to enable the business to continue as an ongoing concern.
- 9. Intellectual Property Rights Protection Agreements Trademarks, copyrights and patents fall into this category. These agreements are intended to provide legal safeguards to protect the competitive advantage that is gained by the ideas and proprietary information, processes, products, logos, etc. of the company.
- 10. Insurance Agreements Insurance is intended to mitigate the risk of unforeseen, unfortunate and potentially catastrophic events that could substantially cripple or kill the business. Insurance is also used protect the employees of the business and their beneficiaries from possible temporary or permanent life-altering and/or financially paralyzing events, such as catastrophic injury or disability, substantial property damage or destruction, death, serious health concerns, etc.
- 11. Licensing Agreements Licensing agreements that are required to operate the business from local, state, federal and international regulatory authorities. A lack of compliance by not obtaining the appropriate licenses can spell disaster and potentially shut down a business and/or cause substantial liability to be incurred by the partners.
- 12. Employment Agreements Defines the working relationship between employee and employer. In addition, through a non-compete clause, they will typically provide protection for a number of years to the company from the threat of employee departure by preventing direct competition by the (former) employee.
- 13. Confidentiality Agreements Prevent parties from sharing information with outside parties that could have potentially damaging competitive, financial and/or business implications (e.g., violation of the confidentiality in a merger transaction).
- 14. Written Contracts All business arrangements and agreements between parties should be documented. Though verbal agreements are enforceable, a written agreement limits the potential for misunderstanding and can provide protection in litigious situations .
- 15. WHAT IS REGISTRATION Document detailing the purpose of a proposed public offering of securities. The statement outlines History of the company's operations Financial details, Management, and Facts of importance to potential buyers.
- 16. IMPORTANCE OF REGISTRATION The statement outlines History of the company's operations Financial details, Management, and Facts of importance to potential buyers