What is a Memorandum of Association? Every business has a memorandum of association , and they all follow the same steps to create one, such as: The company's name Date of incorporation What kind of business are you doing? What is the name of the law that a corporation is registered under? All initial stockholders' signatures Original shareholders' responsibility is limited. Anyone who wishes to join the company as a partner or member must sign a memorandum of understanding throughout the incorporation process and will remain a member until they decide to depart. A very significant document is the memorandum of association. Companies must tailor this to their specific needs. The article of association, which rules the company's internal activities, is linked to this document, which governs the company's external affairs. On the one hand, the MOA lists all of the company's powers and objectives. If a corporation wishes to make changes to its MOA, it must first adopt a special resolution in the General Meeting and then obtain approval from the Central Government. What is a tax audit? A tax audit is an examination of the history of tax-related operations to confirm that they were correctly estimated, paid, and documented. Both firms and individuals must deal with a complicated set of tax rules in today's fast-paced regulatory climate, making it difficult to keep current. In Pakistan, tax auditing is based on self-examination, with the goal of encouraging voluntary compliance, paperwork, and self-monitoring. Tax audit is an effective technique for regulating the FBR and determining compliance levels. The state checks whether an enrolled person/taxpayer has correctly established his tax obligation, depository owing to taxation in the national treasury department, is a creation modification of input tax, etc., to which he is judicially qualified, through an audit. FBR has established an essential risk-developed and automatic "Tax Audit Management System" (TAMS), which is regularly analysed and updated, in order to defend the states' interests. What is a Non-Compete Agreement? This form of content is typically created between an employee and their employer, in which the employee commits not to compete with their supervisor or employer after they leave their organisation. This non-compete agreements is beneficial to the organisation since it ensures that any personal or confidential information left behind by departing employees is not misused. If you notice, whenever two parties discuss any kind of sensitive information, one of them has the potential to exploit that information. This is one of the most essential non-compete agreement benefits because it ensures that no one may use the information for competitive purposes. This will aid in obtaining legal answers to the problem. By assigning this agreement, the employees will be barred from entering any market or starting a firm that could give them a competitive advantage over their former employer. Software licence types There are many different kinds of software licences available. Each has its own set of advantages and disadvantages, although some are better suited to specific uses than others. We'll go through five common licence types used by developers to assist you to pick which one is suitable for you. Some licences are more restricted, whereas others are more permissive. The following are the several types of software licences: • The most common sort of open-source software licence is the share-alike licence. Any modifications or additions to the software must be shared with the original author, and any derivatives of the work must be released under the same (or comparable) licence. • A copyleft licence is similar to a share-alike licence, except it imposes stricter copyright limitations on downstream receivers' use, redistribution, and modification. • This form of licence permits anyone to do whatever they want with the software as long as the original creator and any licensors are given credit. • Because some proprietary licences are more restrictive, we've included them in the various software licence types. Many free online tools, for example, require a credit statement when their code is used in another project or even on their own website. • The GNU Public Licence, or GPL, is a free software licence. "GPL-ed" refers to a free software version of a computer program. The GPL has been dubbed "one of the most impactful pies" in the history of software policy. Firm registration The Cooperation Act, 1932, allows two or more associates to join a Firm registration in order to start a business in Pakistan. A step-by-step approach to creating a business is provided here. Method • Follow the instructions in the section below to complete the form. • Fill out the application form as completely as possible. • Prepare a Stamp Paper Association Act and deposit the enrolment fee with the National Bank of Pakistan (NBP) • Make a statement on a stamp paper about the papers' accuracy and the agency's continued existence. • To submit your application and supporting papers. • After the documentation is received, a date and time will be scheduled for a physical imprint of all associates/witnesses, along with their original legal CNIC, prior to the Firm Registration. • The associate should contact this office ten days after submitting paperwork to pick up their document. Term Sheet • • Click here to learn more about the tool for negotiating between founders and investors. The solution will then be term sheets. This agreement must be balanced in order to maintain everyone's interests, rights, and responsibilities. • It's essentially a list of all the specifics of a business transaction. All investors or shareholders must sign this agreement before going on to legally binding agreements and contracts. This needs an in-depth review of the Term sheet. useful resource: https://exchange.prx.org/pieces/401288-registration-as-a-limited-liability-partnership-an#description http://business-partners.alanet.org/profile/365380/0 https://rabbitroom.com/members/sidekick/profile/