The first thing you need to do is learn what laws apply to your new business. There are various government body websites that outline all the legal requirements of running a business. Now let’s look at legal documents. As soon as your startup has more than one owner, you need a Shareholders’ Agreement. You also need to ensure you have Company Secretarial Documents. Non-disclosure agreements or NDA’s are essential for any business. You also need to ensure you have an Employment Contract and depending on your business, you may also need a Family Trust Deed.
