Congratulations! You’ve started your own business. You’ve been handed the keys. You’ve managed to turn your dream into a reality.
Now it’s time to focus on some logistics.
Running a business is rewarding and demanding, and we want to be sure that you are prepared to protect your business and its assets to continue on your path to success.
Below, we have collected four standard contracts you will need to be familiar with to do just that.
1. Bill of Sale: Most likely, you are going to engage in many transactions when first starting out. This contract will protect and complete a purchase of a valuable asset (large items like a car or TV). The bill of sale will help prove you legally own the item and can determine how much sales tax you will pay. It can also release the seller (possibly you) from liability to keep both buyer and seller from any future disputes.