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[object Object],[object Object],RITAMBHARA AGRAWAL Entrepreneurship Seminar-2011 8 DECEMBER 2011 NIILM-Centre for Management Studies, Gr. Noida, India
STARTING A NEW BUSINESS Start-up Is A Vital Time To Consider Legal Issues
STRUCTURE OF THE ENTITY ,[object Object],[object Object],[object Object],[object Object],[object Object]
STRUCTURE OF THE ENTITY Proprietorship Partnership LLP Private Limited Company Public Company Limited Liability Partnership 1 Person Venture More than 1 person operating jointly Corporate Structure Established Stage
PRIVATE LIMITED COMPANY
PROPRIETORSHIP Sole Proprietorship Concern, sole owner funds and operates business
PARTNERSHIP Partnership amongst individuals to operate jointly and share profits
LIMITED LIABILITY PARTNERSHIP LLP is an alternative corporate business structure that gives the benefits of limited liability of a company and the flexibility of a partnership
FUNDING
CONTRACTS Contracts form an essential part of a business.  A  Contract defines the understanding between the parties, stating their roles & responsibilities, mitigates risks and defines liability of each party.  It ’ s important to have all the agreements in place and work under the same.   
INTELLECTUAL PROPERTY RIGHTS For any venture like tangible assets, intangible assets are also highly valuable. Therefore, maintaining and protecting the IP of the company is very important and needs to be done since the inception of the company.
INTELLECTUAL PROPERTY RIGHTS
COMPLIANCE & LICENSES Every business and industry has different compliances to be followed. Make sure to comply with all the statutory and legal compliances and keep it documented.
Thank you INDIA D-49, 1st Floor, Sector-63, Noida-201301 Tel: +91-0120-47040722, +91 -0120-4740700  Fax: + 91 11 2741 8595 USA Suite 119, 2 Davis Drive, Research Triangle Park, Durham (NC)-27709 Ph: 1 262 432 1718; Fax: 1 877 895 9706 E-mail:   [email_address] www.intelligere.in

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Legal issues for start up

  • 1.
  • 2. STARTING A NEW BUSINESS Start-up Is A Vital Time To Consider Legal Issues
  • 3.
  • 4. STRUCTURE OF THE ENTITY Proprietorship Partnership LLP Private Limited Company Public Company Limited Liability Partnership 1 Person Venture More than 1 person operating jointly Corporate Structure Established Stage
  • 6. PROPRIETORSHIP Sole Proprietorship Concern, sole owner funds and operates business
  • 7. PARTNERSHIP Partnership amongst individuals to operate jointly and share profits
  • 8. LIMITED LIABILITY PARTNERSHIP LLP is an alternative corporate business structure that gives the benefits of limited liability of a company and the flexibility of a partnership
  • 10. CONTRACTS Contracts form an essential part of a business. A Contract defines the understanding between the parties, stating their roles & responsibilities, mitigates risks and defines liability of each party. It ’ s important to have all the agreements in place and work under the same.  
  • 11. INTELLECTUAL PROPERTY RIGHTS For any venture like tangible assets, intangible assets are also highly valuable. Therefore, maintaining and protecting the IP of the company is very important and needs to be done since the inception of the company.
  • 13. COMPLIANCE & LICENSES Every business and industry has different compliances to be followed. Make sure to comply with all the statutory and legal compliances and keep it documented.
  • 14. Thank you INDIA D-49, 1st Floor, Sector-63, Noida-201301 Tel: +91-0120-47040722, +91 -0120-4740700 Fax: + 91 11 2741 8595 USA Suite 119, 2 Davis Drive, Research Triangle Park, Durham (NC)-27709 Ph: 1 262 432 1718; Fax: 1 877 895 9706 E-mail:   [email_address] www.intelligere.in