Different types of Business Forms

Jul 18

There are several types of documents that a business uses. Various activities conducted in the context of a business need to be recorded for later reference. They could be legal or financial or administrative or otherwise. In the day to day conduct of the business, several business forms are used that are a variation of the documents. They are very important.

Operating a business requires using one or more of these forms. Some of these business forms are mentioned below:

Corporate Forms: Establishing a corporation will need you to use forms such as Articles of Incorporation, Corporate Bylaws, Stock Certificates, and other such items.

General Business Forms: Day to day life needs administration of the business needs forms such as General Contract for Products, General Contract for Services, Nondisclosure Agreement, Release of Liability and many others.

Hiring Forms: Hiring is a part of business activity. Hiring and firing personnel requires maintaining forms Acceptance of Offer, and other agreement forms with employees at the time of hire, Employment Agreement that states terms of employment and wages, and others that are stipulated from time to time to be maintained to ensure the business and its employees are in concurrence.

Financial Forms: Bill of Sale, Equipment Lease Agreement, License Agreement are other forms that the finance department may use. Taxation also includes usage of forms.

Transactional Documents: At times, certain actions become repetitive. In such circumstances, we create a template and use it a form for ease and convenience. These forms vary from business to business. In communicating with the client, several documents such as an order form, transmittal page, invoice or receipt are used. A firm that has products to sell may require the customer to fill in a demand request form; forms are filled by the clients in such cases. Some companies require customers to fill in forms for the firm to understand the client better.

Non – Disclosure forms contain information about the business that should remain private, such as its list of clients, ideas for a pricing plan or a new product, etc. NDA provides the first line of defense for the company.

Operating Agreement for LLCs. When more than one member is involved, an operating agreement is required. Distribution of profits, rights, and obligations, critical business decisions, etc. is all documented in this paper.

Minute of a meeting is filled in to record the happenings of a meeting, a requirement in most states.

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