10 types of small business documents that must be translated
With globalization comes the need to pull in clients from all over the world. Language barrier could significantly affect your business. Therefore, it is crucial that you have all the necessary documents pertaining to your business translated into various languages. Here are 10 types of small business documents that must be translated
Contracts
These are critical legal documents that should be available in every office. They guide the contractual relationship of every employee in the business and the outsiders. Therefore, they should be easily understood by everyone in terms of duties and obligations and accessible as they are used daily.
Licenses and Permits
For every business premise, there should be licenses and permits that allow it to engage in business. Mostly these documents are obtained from the local authorities. These documents should be appropriately displayed and on a visible space in the premises. Copies of the same should also be kept safely under lock and key because of security purposes. The placement of some of the documents may prove difficult and tedious to acquire.
Financial Records
Every business should have an accountant who keeps records of these vital documents. They include the payment receipts, and income statements, among others. They should generally indicate whether the business is making profits or losses. Potential investors from foreign countries may need to check out your financial records to determine whether they stand to make profits.
Business Plan
This document entails the goals and objectives of a company. Translating this may prove to be very necessary and especially when looking for investors. Get business document translation at TheWordPoint. Use professional translation services for your business to make people take you seriously as a business person.
Letters
Letters are still a common way of communication, especially with external entities. They can also be a key component in evidence and should be signed and acknowledged upon delivery. Communication cannot pause because both parties do not speak the same language. A simple translation of letters would improve the relationship between your business and other involved parties.
Email for communication
In today`s world, communication has been made easier through technology. In every business, email is a common way of communication between employees and also with external people and businesses. Therefore, it is essential that you translate emails for people who may not understand the language you use for operating your business.
Business Reports
This document gives details of how the company is doing in a detailed form. It may be used as a source of information to potential investors and also to shareholders. Having your business reports translated is thus a crucial part of operating a global business.
Incorporation documents
These include the documents that prove the business is legal and valid. An example may be articles of association where it is a Limited liability company. It may also include details of directors, investors, and the shareholding.
Compliance documents for the employees
These are documents that are mostly kept by the HR office, and they include details of every employee. They are essential for payroll purposes, training, and the general welfare of the employees.
Insurance documents
It is always important to plan for any eventualities that may cause loss or damage to the business. Having the necessary documentation will ensure that in case of risk, the company is protected.