What type of legal documents should I keep on file?
When running a small business in Massachusetts, it is important to maintain a well-organized system of important legal documents. There are generally three main types of documents to keep on file: contracts, licenses, and permits. Contracts are legally binding agreements between two or more parties. These should be kept on file in case there is ever a dispute between the parties regarding the terms of the agreement. Licenses are documents that allow a business to engage in activities that would otherwise be considered illegal, such as selling alcohol or operating a vehicle for hire. These documents should be kept on file in case there is ever a question as to whether or not the business is legally allowed to engage in these activities. Permits are documents that allow a business to use or occupy public or private property. These documents are important to ensure that the business is following all local zoning laws and regulations. Having all of these documents on file is important for business owners to ensure that they are in compliance with all applicable laws. It is also important to keep these documents up to date to avoid any potential legal problems. Therefore, it is important to keep track of all important legal documents and ensure that they are kept in an organized and secure manner.
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