A business demands you to excel in different functions which go from planning to controlling if you want to become successful. While these f
A business demands you to excel in different functions which go from planning to controlling if you want to become successful. While these functions may seem easy from the context of their name, there are actually a large number of activities that need to be executed to reach the milestone. All these functions are perpetual and they continue throughout the life of the business. Law is something that governs each and every aspect of business, abiding by business laws is an essential need of any startup.
The rules and regulations for a company are laid down by the Companies Act, 2013 and if you have an innovative idea for a startup. You can see it flourish from the start if you don’t ignore law and stay away from the mistakes that usually new businesses make when they move forward in the corporate world.
NOT HIRING A GOOD LEGAL ADVISOR
SEGREGATION OF PERSONAL AND BUSINESS EXPENSES
Not Getting IP protection
Missing tax payments
Non-compliance with the laws laid down to be followed by the business
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