No Tags Found!


novel2014
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.

From India, Ludhiana
Amit Sheth
1

It is better to consult a Chartered Accountant for the legality of company and helping out with who should be the MD / CEO etc. Company needs to be registered with the Registrar and then on letter heads can the letters be issued.
What is the point of appointment letter to the CEO / MD of private company where your names would be mentioned in the company registration agreement and where profit / loss share proportions from the business is mentioned?


Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.