Legal Tips for Every Indian Start-Up

1. Legal Tips for Every Indian Start-Up

2. 1. Choosing the Type of Venture • Before going for a startup you should clear the most important thing that is what kind of business you want to set up. It can be a private limited company, public limited company or any other. • It is very important to analyse and the practicality, visibility, sustainability, aptness and related profits that are expected from this type from the business you are going to start.

3. 2. Applying for Business Licenses • Everyone knows that Licenses are mandatory to run any business. The lack of any relevant licenses or document can lead to unwanted legal battles, and allow a business to operate in a legal and better way. • Some of the licenses which applicable for all the businesses like Establishment Act, VAT registration, Service Tax Registration, Professional Tax etc are required.

4. 3. Taxes • Each and every company has to pay some central, state and local taxes. A business owner who have a knowledge of these taxes will always be in a better position if he/she knows the basics of accounting and the how taxation works. Tax are always tricky. More importantly it vary across sectors, regions and products. So, if you are a business owner and don’t have much idea about it, take help from advocates and legal advisers.

5. 4. Labour Laws • It’s obvious you’ll have people working for and for your business. Labours are always protected under labour laws and it’s their right. It’s must to follow labour laws in order to increase the productivity and morale as well.

6. 5. Guaranteeing Powerful Contract Administration • An agreement is required to guarantee the smooth working of work and is an awesome system to guarantee response if there should be an occurrence of non-satisfaction of work. Contracts lie at the essence of maintaining any business. • In the beginning period of activities, new companies additionally tend to procure contract staff and merchants and having a compelling contract administration framework will guarantee that the correct checks are set up for the convenient satisfaction of required work.

7. 6. Ensuring Protection of Intellectual Property • IP (Intellectual Property) are the secret strategy for most of the business today. The business owners use most common intellectual property which are owned by a particular organizations (business). • The plan was set up to support and guide imaginative and developing advances among new companies and help in the assurance and commercialization of licensed innovation. For the compelling usage of the plan, facilitators have been empanelled by the Controller General of Patents, Trademarks and Design.

8. 7. IT Laws • In today’s technology climate have growing up day by day. Where there are several advantages of technology some disadvantages also exist. So, here you should keeping you secure from the hackers, cloud computing, protecting your privacy are not only very common but extremely important too. • Knowledge of IT laws will help you in exploring your business and to maintain security for your business.

9. Contact Us We are always happy to make valuable new contacts. admin@ahlawatasscociates.in www.ahlawatassociates.com A-33, Lower Ground Floor, Defence Colony, New Delhi – 110024, India. 011-41023400