India Entry Startup Consulting Services
Legal issues are one of the most difficult obstacles that startups face. When a fledgling firm fails to satisfy all of the legal criteria, it may find itself in difficulties.
A startup cannot gather resources comparable to a well-established business enterprise. But, with sufficient information and assistance from the correct consulting, the danger may be avoided or reduced.
- Business structure: The first and most important aspect of a business is classifying the main requirements of the firm. The form of the business is defined based on a set of criteria, such as sole partnership, proprietorship, public company, private limited company, or limited liability partnership.
- Taxation: Compliance with tax regulations is required in order to avoid penalty and penalties. Startups must be well aware of their tax obligations to the state and federal governments. Entrepreneurs should be aware of the new taxes, their implications for the company strategy, and their responsibilities.
- Business permits: The necessary permits must be obtained to guarantee that your business runs well. The majority of licenses are industry-specific. A starting food firm, for example, must seek permits for food safety, health, and food adulteration. To avoid future problems, the criteria specified in the license must be met.
- Labor Laws: When a startup begins operations and hires staff, it is subject to the labor laws of the country. The main problem for startups is to ensure that they are in compliance with all applicable labor rules. These rules govern minimum salaries, provident funds, gratuity payments, maternity benefits, and the prohibition of sexual harassment in the workplace, among other things.
- Listing Requirements: To list its securities on a stock market, a firm must comply with appropriate SEBI laws. They are continuously updated, thus it is critical for a company to stay up to speed on all current advancements.
- Intellectual Property Protection: As the number of startup entrepreneurs grows, the firm must concurrently produce intellectual property (IP) composed of codes, research findings, algorithms, designs, and so on. This is done to prevent other businesses or rivals from profiting from the Property. Copyright protection, trademark registration, patent filing, and other fundamental intellectual property rights principles should be addressed.
How Can SalahKaro Assist?
1.) Understanding foreign investors’ corporate plans or goals;
2.) Identifying and gaining permission for any restrictions in the Foreign Direct Investment policy;
3.) Helping in the identification of appropriate geographical sites for launching commercial activities;
4.) Determining the proper tax and regulatory jurisdiction for entrance into India;
5.) Determining the best corporate form (company, LLP, etc.) for conducting business in India;
6.) Developing tax-advantaged cash or profit repatriation options;
7.) Transaction advise in the event that an existing business is bought, such as a share or asset deal;
8.) Contract drafting and review with local joint venture partners, due diligence help, and other business contracts.
9.) Formalities such as business or LLP incorporation, bank account creation, and obtaining tax deduction account number (TAN) and permanent account number (PAN);
10.) Offering administrative, legal, human resources, accounting, and information technology assistance; 11.) Maintaining tax and regulatory compliance.
