Legal Tips for Every Indian Start-Up

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Legal Tips for Every Indian Start-Up
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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.

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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.

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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 dont have much idea about it,
  take help from advocates and legal advisers.

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4. Labour Laws

• Its obvious youll have people working for and
  for your business. Labours are always protected
  under labour laws and its their right. Its must
  to follow labour laws in order to increase the
  productivity and morale as well.

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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.

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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.

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7. IT Laws

• In todays 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.

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