Over the years, a great number of people have decided to leave their mundane 9 to 5 jobs to follow their own passion and become their own boss.
The world of entrepreneurship has seen a great rise in the number of entrepreneurs in the past few years.
This sharp incline in the numbers of entrepreneurs is a result of dissatisfied employees, toxic work environment, and low paychecks. With a great number of aspiring entrepreneurs without any prior business experience hopping on the startup bandwagon, the chances of error increases. This is where the expertise of legal advisors come in to save the day.
Legal advisors make sure that your startup or company fully comply with the norms of the government. In this blog, you will get to learn about the importance of legal advisors for startups
What is A Legal Advisor?
Before we dive into the topic, let’s quickly understand what a legal advisor is. A legal advisor is also known as a legal associate or a lawyer. A legal advisor provides legal advice to firms and manages their legal activities. Whenever a company faces legal issues, the legal advisor steps in and leverages his or her legal intellect to counter it.
Importance Of Having A Legal Advisor for Your Startup or Company
Lawsuits against companies and startups have greatly increased over the years. Even a minor error or a bad decision can shut down businesses forever and torment the livelihood of many. This is why hiring a legal associate is imperative for a business to run smoothly. A legal advisor helps businesses make the right decisions and comply with the laws efficiently. Managing legal affairs and complying with the rules and regulations of the government can get overwhelming, which is why legal advisors are absolutely necessary for a startup or company.
Advantages Of Having A Legal Advisor for Company or Startup in India
Now that we have gone through the importance of hiring a legal advisor for a company or startup, it is time to have a look at some of its advantages that your company or startup can benefit from. Let’s have a look at some of the advantages of having a legal advisor for a company or startup in India.
Registration Process
Hiring a team of Legal advisors for the company registration process of your business can facilitate the chances of getting your company registered quickly. Having a set of expert legal associates by your side can help you go through the process of registering your business smoothly.
Return Filing
One of the most important and necessary tasks of running a business includes filing of income returns annually. With an adept team of legal consultants by your side, you will never have to worry about filing your returns. The legal associates will walk you through the filing process and assist you diligently.
Legal Issues
As the name suggests, legal advisors are extremely helpful when it comes to legal issues. A company or startup is bound to face minor or colossal legal issues at some point, this is where a legal advisor comes to your rescue. Whether your organization has unknowingly violated a law or is being sued by an individual or organization, legal advisors can help you tackle them effectively.
Matters Concerned With Capital
As mentioned above, a team of legal advisors can help you manage your company’s annual income tax return filings. Besides returns, legal advisors are well equipped with the knowledge of matters related to your company or startup’s capital.
JustStart’s Legal Advisors To Help Your Business Grow
A legal advisor is much more than just an associate. Legal advisors empower an organization through their legal expertise and assist businesses in making the correct decisions. If you are in need of a team of adept legal advisors, hire our team of legal experts with remarkable track records.
Through our legal expertise, we have assisted many companies and startups across India.
JustStart offers a wide range of legal solutions to help businesses grow. Whether you are looking to form a Limited Liability Partnership or a Private Limited Company, JustStart’s legal experts can assist you through their legal advice. Since our formation, we have helped many companies and startups grow. Our client’s success proves that your business can immensely benefit from our legal expertise.
Conclusion
In this blog, you learned about the importance and advantages of hiring a legal advisor for your company or startup. Having a legal associate by your side not only helps your business grow but also helps you acquire valuable knowledge regarding the legal requirements of running a business. If you are looking to start a business, we would highly suggest you hire a team of expert legal advisors.
