Memorandums and letters are important business documents that require specific formatting rules. Memorandums have no salutation or signature and use a block format with the memo heading in all caps and bold. Business letters can be personal or from a business and use letterhead. They include elements like the return address, date, salutation, body, complimentary close, and signature. Special notations indicate enclosures, attachments, copies, or if someone else typed the document. Proper punctuation and spacing is important for both memorandums and letters.