Want to avoid legal fuss for your dream start-up? This article gives you the key.

You would never want a business you started with all your heart and soul end up in court. Court cases and other legal complications not only consumes a lot of time, money and fades the impression of a business but also shifts your attention from growth your business to a these matters. For this reason it is strongly recommended to every entrepreneur to take measures beforehand in order to ensure minimal damage in case anything goes wrong. This article brings to you the major of these measures:-

A) The first and the most important thing that can be done is abiding by the rules and regulations. We cannot stress on this point enough. Make sure that you do your annual filings, hire an auditor, maintain the minutes of your board meetings. Avoiding this may land you into paying heavy fine you'll one day receive notice for a fine depending on the type of your company. Also keep in mind to register your business for service tax and VAT etc, as per your business requirements because forgetting these may also lead to paying fine. If you do not comply by these for a long time constantly, you may even be blacklisted. A lot of people do not like the hectic paper work and avoid these legal formalities. In order to ease off these processes, eFilingportal.in helps in registering your business and registers it for various taxes online.

B) In the age of Internet and social media, it has become very easy to spread news and information. The entrepreneurs have to be very careful while dealing with their customers because social media platforms can very easily be used to cause serious damage to the reputation of their business. Make sure your customer dealing party is nice and patient with the customers. Also mention all the required information along with the terms and conditions in easy and detailed form on your website (if any). These things come to great help if a firm is dragged to court for some reason.

C) Do not be loose on legal matters on the basis of personal relationships. Your partner may be your friend or family, but that should not be a reason for your loose legal documentation. You never know what future holds and what turns your business journey may take. In order to avoid future disagreements of any kind make sure your have pre planning of such things. All the issues related to holding positions etc should be discussed beforehand. For example, a binding agreement like Founders' Agreement can put to rest any confusion over the actions of any promoter.

D) Never ever fail to protect your intellectual property. You are the owner of your brand and everything relating it, the value of which increases as the business grows. Thus it is extremely essential that your intellectual property is protected in every way. This is important because if you fail to protect your trademark, copyright and patents etc you may end up spending a lot of time and money in the courts rooms.

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