Business documents are formal papers used in the operation and management of a company. They include a variety of materials such as contracts, reports, invoices, and memos. These documents serve to communicate important information, outline agreements, and maintain records of business activities. Effective business documents are essential for ensuring clarity and professionalism in communication. They help in decision-making, tracking progress, and providing legal protection. Common types of business documents include business plans, financial statements, and employee handbooks, each serving a specific purpose in the organization.