India has always been a home to the largest number of entrepreneurs in the world. A recent survey conducted by Startup Genome, revealed that Bangalore is a hot-spot in India for every entrepreneur and proving its credibility has shown an immense rise in start-ups. Hence, popularly termed as Startup capital of India. Prarambh is a legal support service for start-ups not only in Bangalore but also start-ups across India. From determining when and how to set up a company, to negotiating co-founder agreements or employee agreements, and determining equity for employees, we help you entrepreneurs to find solutions to legal issues faced by start-ups.
Do you really require Legal Guidance?
One of the most important decisions you make starting a business is choosing a business structure. It could be a Sole proprietorship or partnership or corporation or Limited liability company (LLC). The business model you choose will determine the legal structure of your company.
Few legal checks for every start-up:
1. Legal documentation – Harness the Power of Documentation
Documentation is essential for every company. Issues may arise if the work is not done through a proper channel on black and white. Taking the time to get your paperwork in order ahead of time pays off big as your company grows, so make sure that you get all of your initial legal work correctly pulled together. This includes offer letters, confidentiality agreements, option agreements and, most importantly, your initial customer contracts.
- Registration of Company
- Licensing Agreements
- Company Policy
- Funding rounds/ risk analysis
- Distribution Agreement
- Non-Disclosure Agreements
- Employee Agreements
- Franchisor- Franchisee Agreements
2. Take Notice of Trademarks
Don’t get two years into your business and then find that you have to change the name of a popular product or even your entire company because someone has just realized that you’re using a variant of their name and wants to sue you.
It is important for start-ups to patent your innovation, copyright your logos, trade names, before someone steals it. An idea does not last long in the market and someone else might come up with the same in some time. Caution is better than Litigation.
3. Read Those Terms of Service
4. Tax policy
Before establishment of a company, it is important for every entrepreneur to take note of State tax policies.
5. Labour Compliance
Every state has a different set of labour laws which an entrepreneur should take note of.
6. Exit routes
Some entrepreneurs still figure out a way to wind up their company after few years of its initiation. One could fall into trouble if they don’t get rid of all their liabilities before liquidation of a company.
We have introduced a special scheme for start-ups across India.
- Consultation via web chat (Web Conferencing)
- Consultation via web chat (W/o Cam)
- Consultation via appointment
Or seek an appointment with us. Mail us on firstname.lastname@example.org
We will revert back to you within 48 hours. Charges as applicable.