Hello everyone,
I am the founder and CEO of a company that has been providing software development and digital marketing services. Additionally, the company has created a startup product - a mobile app. I founded this company with a friend, and it is registered in his name, not mine. There is no partnership agreement due to our mutual trustworthy friendship. The company is registered in his name because of some documentation issues at that time, and we wanted to expedite the registration process.
I am currently applying for a scholarship and immigration. My question is, how should I demonstrate my experience with this company? What should the experience letter entail? Should I mention my designation as Founder & CEO? As a follow-up question, is it preferable to simply write "Founder" or "CEO," or is "Founder & CEO" the best option considering the startup and small business context? In the letter, regardless of the designation chosen from the options above, who should sign the letterhead?
From Pakistan, Lahore
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3I am the founder and CEO of a company that has been providing software development and digital marketing services. Additionally, the company has created a startup product - a mobile app. I founded this company with a friend, and it is registered in his name, not mine. There is no partnership agreement due to our mutual trustworthy friendship. The company is registered in his name because of some documentation issues at that time, and we wanted to expedite the registration process.
I am currently applying for a scholarship and immigration. My question is, how should I demonstrate my experience with this company? What should the experience letter entail? Should I mention my designation as Founder & CEO? As a follow-up question, is it preferable to simply write "Founder" or "CEO," or is "Founder & CEO" the best option considering the startup and small business context? In the letter, regardless of the designation chosen from the options above, who should sign the letterhead?
From Pakistan, Lahore
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Dear friend,
I recommend that you obtain a backdated appointment letter from your friend. Specify the designation as "Director." Additionally, request an employment certificate from your friend that includes details such as the date of joining and the last working day.
Thanks,
Dinesh Divekar
From India, Bangalore
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I recommend that you obtain a backdated appointment letter from your friend. Specify the designation as "Director." Additionally, request an employment certificate from your friend that includes details such as the date of joining and the last working day.
Thanks,
Dinesh Divekar
From India, Bangalore
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Dear Dinesh ji,
Hope you are doing well.
It seems to me the company is a proprietary firm and the friend of the queriest is a sole proprietor of the company. In this case, there cannot be any sort of agreement between the queriest and his friend. It is a benami transaction between both of them. The queriest cannot be called or considered himself as a founder. Also, he cannot be designated as "Director" in a proprietary firm. He can be a "CEO" of the company with due documentation signed by the proprietor.
Hope you will agree with me.
From India, Mumbai
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Hope you are doing well.
It seems to me the company is a proprietary firm and the friend of the queriest is a sole proprietor of the company. In this case, there cannot be any sort of agreement between the queriest and his friend. It is a benami transaction between both of them. The queriest cannot be called or considered himself as a founder. Also, he cannot be designated as "Director" in a proprietary firm. He can be a "CEO" of the company with due documentation signed by the proprietor.
Hope you will agree with me.
From India, Mumbai
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(Fact Check Failed/Partial)-The user's reply contains inaccuracies. The concept of a proprietary firm and benami transactions are not correctly applied here. It is possible for individuals to be co-founders without a formal partnership agreement. The querent can use the designation "Founder & CEO" and have the letter signed by appropriate company representatives.
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Yes, KORGAONKAR is correct. This is the case.
Okay, so can I write "Co-Founder & CEO" on the letter and get it signed by the other "Co-Founder & Director"? The thing is, I want to mention that I founded the company and not merely served in a job as CEO or whatever.
Another question, just for knowledge, what will be the experience letter of the other person in such a case who is the sole proprietor? Who will sign that?
From Pakistan, Lahore
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Okay, so can I write "Co-Founder & CEO" on the letter and get it signed by the other "Co-Founder & Director"? The thing is, I want to mention that I founded the company and not merely served in a job as CEO or whatever.
Another question, just for knowledge, what will be the experience letter of the other person in such a case who is the sole proprietor? Who will sign that?
From Pakistan, Lahore
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(Fact Check Failed/Partial)-The user's reply contains inaccuracies. The correct designation should be "Founder & CEO" for the original poster. The experience letter should be signed by the person in the official position of Director. For the sole proprietor, the letter should be signed by the proprietor themselves.
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Dear ARSLANZAIDI,
You cannot be a Founder or Co-Founder in the eyes of the Law. What legal proof do you have that you are a Founder or Co-Founder? If you founded the company, what stake do you now have in this company legally, which is a sole proprietorship? You can be a Founder or Co-Founder in the eyes of the public, but not in the eyes of the Law, as many politicians have a number of (benami) companies.
For a sole proprietor, there is no experience certificate issued by anybody. The individual has to provide a self-declaration of sole proprietorship, the date of its commencement, along with documentary proof such as Gumasta registration or any other similar registration, bank account details, etc.
From India, Mumbai
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You cannot be a Founder or Co-Founder in the eyes of the Law. What legal proof do you have that you are a Founder or Co-Founder? If you founded the company, what stake do you now have in this company legally, which is a sole proprietorship? You can be a Founder or Co-Founder in the eyes of the public, but not in the eyes of the Law, as many politicians have a number of (benami) companies.
For a sole proprietor, there is no experience certificate issued by anybody. The individual has to provide a self-declaration of sole proprietorship, the date of its commencement, along with documentary proof such as Gumasta registration or any other similar registration, bank account details, etc.
From India, Mumbai
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(Fact Check Failed/Partial)-The user reply contains some inaccuracies. As per legal standards, one can be a Founder or Co-Founder of a company, and there can be legal proof of such roles through documentation and registration processes. Additionally, even in a sole proprietorship, it is possible to provide self-declaration and supporting documents to validate one's role in the company.
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Dear Mr. Zaidi,
Your query is not about an experience letter from an employer to an employee for the service rendered by him on some particular assignment. Your need is for the purpose-based experience of a founder and CEO. So, a passing reference of the purpose, "I am now applying for a scholarship and immigration as well," is not sufficient to advise you appropriately unless you give a clear description of the nature of the scholarship and its conditions. Not only that, if an experience letter is necessary for the purpose of immigration, that may be of a separate nature.
So, instead of asking a question of generic nature, be clear in your purpose, whether for a specific type of scholarship or for immigration purposes. However, as far as your main question is concerned, "who will sign the experience letter of a 'Founder & CEO,'" naturally the proprietor of the firm, not you, will sign if the experience of a responsible position is to be shown.
From India, Delhi
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Your query is not about an experience letter from an employer to an employee for the service rendered by him on some particular assignment. Your need is for the purpose-based experience of a founder and CEO. So, a passing reference of the purpose, "I am now applying for a scholarship and immigration as well," is not sufficient to advise you appropriately unless you give a clear description of the nature of the scholarship and its conditions. Not only that, if an experience letter is necessary for the purpose of immigration, that may be of a separate nature.
So, instead of asking a question of generic nature, be clear in your purpose, whether for a specific type of scholarship or for immigration purposes. However, as far as your main question is concerned, "who will sign the experience letter of a 'Founder & CEO,'" naturally the proprietor of the firm, not you, will sign if the experience of a responsible position is to be shown.
From India, Delhi
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(Fact Check Failed/Partial)-The user's reply is partially correct. The experience letter for a Founder & CEO should be signed by the proprietor, not the individual seeking the letter. However, the response lacks clarity on the designation to be used.
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The purpose is, of course, to show that I have founded a startup solely for a scholarship application, in which I have mentioned this in the Statement of Purpose. Let's leave aside the immigration aspect for now. What do you suggest? What can be done if I have to prove that I founded the company?
By the way, for the scholarship, the university is abroad, and I do not think the university is going to verify this legally. At most, they can visit the official website, where they will find the truth about me being the founder in the About section.
From Pakistan, Lahore
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By the way, for the scholarship, the university is abroad, and I do not think the university is going to verify this legally. At most, they can visit the official website, where they will find the truth about me being the founder in the About section.
From Pakistan, Lahore
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(Fact Check Failed/Partial)-The user reply is incorrect. To prove founding the company, a notarized affidavit or a letter from the friend acknowledging the user's role is essential, especially for official purposes like scholarships. It's crucial to have documented evidence for such claims.
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Mr. Zaidi,
I don't think your approach is correct. In the normal course, the requirement of foreign institutions/organizations offering scholarships is not the experience certificates, but self-write-ups of the achievements of the candidates through their applications. Since thousands of applications throng for such scholarships, I don't think there is any system of verification of the experience certificates from the organizations before the grant of scholarships due to the paucity of time with them. The possibility of the experience certificates being fake cannot be ruled out in the case of several candidates. They typically judge the capabilities from the structural effectiveness of the applications to shortlist the candidates. I can say this from my own personal experience, as applications of some foreign candidates, some years back, were drafted by me also, as a freelancer consultant for them. The rest of the job is completed based on the presentations of the candidates during their interview/counselling sessions. Your application should be so effectively impressive to make the selectors believe in your own statement rather than the experience certificate.
However, if you still believe that your experience certificate can work, or there is any specific requirement for the scholarship application, I have already expressed my opinion that the proprietor of the firm will sign the experience letter.
From India, Delhi
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I don't think your approach is correct. In the normal course, the requirement of foreign institutions/organizations offering scholarships is not the experience certificates, but self-write-ups of the achievements of the candidates through their applications. Since thousands of applications throng for such scholarships, I don't think there is any system of verification of the experience certificates from the organizations before the grant of scholarships due to the paucity of time with them. The possibility of the experience certificates being fake cannot be ruled out in the case of several candidates. They typically judge the capabilities from the structural effectiveness of the applications to shortlist the candidates. I can say this from my own personal experience, as applications of some foreign candidates, some years back, were drafted by me also, as a freelancer consultant for them. The rest of the job is completed based on the presentations of the candidates during their interview/counselling sessions. Your application should be so effectively impressive to make the selectors believe in your own statement rather than the experience certificate.
However, if you still believe that your experience certificate can work, or there is any specific requirement for the scholarship application, I have already expressed my opinion that the proprietor of the firm will sign the experience letter.
From India, Delhi
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(Fact Check Failed/Partial)-The user reply contains inaccuracies. Scholarships may require verifiable experience letters. It's advisable to provide accurate documentation to support your application.
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Respected PS Dhingra Ji,
Greetings of Ganesh Chaturthi!
I have questions for you, sir, with due respect. Can any proprietor certify that someone else is a Founder or Co-Founder of his Proprietary Firm? How can any third person be a Founder or Co-Founder of any Proprietary Firm?
From India, Mumbai
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Greetings of Ganesh Chaturthi!
I have questions for you, sir, with due respect. Can any proprietor certify that someone else is a Founder or Co-Founder of his Proprietary Firm? How can any third person be a Founder or Co-Founder of any Proprietary Firm?
From India, Mumbai
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(Fact Check Failed/Partial)-[B]Response[/B]: The designation of Founder or Co-Founder is not applicable to a Proprietary Firm owned solely by one individual. The user's question is misaligned with the legal structure of a proprietary firm.
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Dear sir,
Let's weigh the aspects the way you count. Normally, I do not comment on issues other than core HR/ER. But here, I want to write a few words as a personal friend of yours. What is there in an experience certificate certifying you as Co-founder that would enable any scholarship or immigration certificate? You are the CEO, and as a role holder, it enables you too and much more!
Best wishes,
RDS Yadav Director Navtarang HR Services navtaranghrs@gmail.com
From India, Delhi
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Let's weigh the aspects the way you count. Normally, I do not comment on issues other than core HR/ER. But here, I want to write a few words as a personal friend of yours. What is there in an experience certificate certifying you as Co-founder that would enable any scholarship or immigration certificate? You are the CEO, and as a role holder, it enables you too and much more!
Best wishes,
RDS Yadav Director Navtarang HR Services navtaranghrs@gmail.com
From India, Delhi
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(Fact Check Failed/Partial)-The user's reply is incorrect.
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(Fact Check Failed/Partial)-The user reply contains incorrect information based on the original post and best practices.