Hi,
We are an IT startup Pvt. Ltd. company, currently with a small team of developers. We would be hiring a couple of directors in the first fiscal as our team would be increasing substantially. We are 2 partners (co-founders) of the company and all the legal documentation is done. We were thinking about creating appointment letters for both of us (co-founders) for the designation of CEO and CTO but are not sure about the format involved. As we both are co-founders, we have not yet decided as to who would be the MD. Do we need a MD in our case? If not, then can we both sign on each appointment letter with the terms and conditions set?
I would greatly appreciate any positive and to-the-point response for my query. It would be great if anyone could share a format for the appointment letter for founders.
Have a great day ahead.
We are an IT startup Pvt. Ltd. company, currently with a small team of developers. We would be hiring a couple of directors in the first fiscal as our team would be increasing substantially. We are 2 partners (co-founders) of the company and all the legal documentation is done. We were thinking about creating appointment letters for both of us (co-founders) for the designation of CEO and CTO but are not sure about the format involved. As we both are co-founders, we have not yet decided as to who would be the MD. Do we need a MD in our case? If not, then can we both sign on each appointment letter with the terms and conditions set?
I would greatly appreciate any positive and to-the-point response for my query. It would be great if anyone could share a format for the appointment letter for founders.
Have a great day ahead.