How Can a Corporate Law Firm in Noida Support Your Business Growth and Legal Compliance?

What Does a Corporate Lawyer Do?

Why Do You Need a Corporate Lawyer In Noida?

Lets take Noida as an example. Noida is filled with IT companies. Factory's. All sorts of businesses can be found in Noida. And every year there are more tech companies and startups being founded in Noida.

Noida has many sectors which have businesses. Such as Sector 18. Sector 62. 63. 125. 126. 132. 135 and 142. Not only Noida, but Greater Noida is built with factories and Office business parks.

The more your business grows. The more chances of running into legal issues.

Lets say you own a business in Noida. You could have suppliers in different states. You could have employees working in Bengaluru and Clients all over the world.

All these aspects of your business will need different laws to be applied to them.

If your a manufacturer. You may need contracts for your supplier's and products. You want workplace compliance and protection if a supplier pays late.

If your a Startup then you may be more concerned about software IP rights. NDAs and Investor Contracts. Data Protection.

You might own the business with your family. And now want to let outside people have investments in your company.

A Corporate Lawyer can help you with many situations like these. And direct you to whom you need to speak.

If you have any big contracts your looking to sign with another company. Contact BK Singh Advocate to see if he can help you with any of these issues.

Get the right advice and know what you could possibly be exposed to. You can’t prevent all legal issues from happening to your company. But you can know what your risks are and take precautions.

The Companies Act, 2013

BK Singh Advocate has helped many Businesses ensure they are following the latest compliance standards. Don’t use last years compliance calendar. Things update all the time and it can cost you dearly if you don’t know!

Read below to see what has changed in 20×6

What services can a Corporate Law Firm in Noida provide?

A Corporate Lawyer in Noida will help advise you of what laws your business needs to comply with. Once you have started your business up and running. Your business may require different services then another business depending on what type of business your operating.

Incorporate your Business

One of the first things you will need to think about is what business you want to open.

Are you opening a Sole Proprietorship or Business. Partnership? Limited Liability Partnership (LLP) or Private Limited Company?

Each of these businesses can operate in India but have there own advantages and disadvantages.

If you choose to open a Private Limited Company (Pvt Ltd). You are essentially providing yourself a Company.

This means the business is its own Separate Legal Entity. This protects your personal assets from being liable. Although there are still certain things you’ll be personally liable for as a director.

An LLP is created under the Limited Liability Partnership Act of 2008. Like a Private Limited Company. They are also Separate legal entities.

A Sole Proprietorship is the easiest to open. But doesn’t provide you this benefit of the company being its own separate entity.

Read more about what type of business would best suit your needs.

BK Singh Advocate can help determine what type of company would best suit your needs. As well as help provide you with contacts to Corporate Secretaries and CA's that can help you incorporate your business.

Agreements

Let’s say you want to sign an agreement with another business. You’ll want to make sure you read all the T’s and C’s before you sign it. Especially if it’s your first time hearing about some of the clauses in the contract.

A contract can include payment terms. When you are supposed to get paid. Who has liability if something goes wrong. IP Rights and many more.

You don’t want to sign a contract and then realize you’re missing something important.

Contracts can be very vague and not have anything that protects you if a situation were to happen.

What if your client doesn’t think your work is satisfactory? Now your going into an argument with your client.

Make sure all situations are listed in your contract. You know what you’re required to do. When you should be getting paid. And if someone goes against the contract you have enough to take legal action.

Have a Corporate Lawyer go over your contracts before you sign them. It could save you a lot of hassle in the future.

Startup's and Corporate Lawyers

Startups want to grow as quickly as possible. They don’t want to be bogged down with legal stuff. They want to run there business, make things happen and grow!

You could be hiring employees, talking to consultants. Creating products and selling them. Finding manufacturers and investors. All this can happen within a matter of few weeks when starting a startup.

Thinking about your legal responsibilities are probably the last thing on your startup’s mind.

Partner Agreements

You and your partner have decided to start a company together. Both of you are great friends, and both have agreed to put the same amount of investment into the company. So you both own 50% of the shares.

What happens if one partner wants to put more investment into the company? Or if one of the partners wants out of the company completely?

You should have a founders agreement in place. That clearly states what each partner is liable for. What happens if one partner owns more shares than the other.

You can set rules for each partner. What they can and can’t do without the other partner. Even rules on how you would both like the company to be dissolved.

IP Rights

A lot of businesses own intellectual property. Whether it’s software your company has made. Research your company has done. Products you design or sell. Or maybe your company name and logo.

Just because your paying someone to develop software for your product. Doesn’t mean your company owns the IP to that software.

Make sure you own the IP to everything your business needs. Insure that whoever you’re working with signs the rights over to your company.

Patents, trademarks, Copyrights and Designs. All have different laws that apply to them. You’ll want to make sure you own the IP your company needs.

Investing and raising funds.

Now that you have determined what IP your company owns. You may want to raise money to expand your business even more.

An investor will want to look at all the information we mentioned above. They’ll want to look at your shareholding structure. Any IP your company owns. What Contracts your company has signed.

You never know what an investor will want to know. You should know what you’re giving up when letting someone invest in your company.

Compliance

Make sure your doing your annual filings that are required. But do you know what other compliance requirements your company may need to follow.

Just because your company is compliant today. Doesn’t mean you shouldn’t keep track of whats going on.

Your company should always have hard copies of any Files you submit. Meetings that are held and resolutions passed.

You should also make sure any transactions with related parties are approved.

If your company buys something from a business that your friend is at. Or if your company leases an apartment from your brother. All these transactions fall under Section 188 of the Companies Act.

Hiring a Corporate lawyer can ensure you don’t run into any conflicts when making transactions.

Helping Your Prevent Future Disputes

Yes, some disputes are going to happen in business. You can’t prevent all arguments from happening. But you can prevent yourself from getting into a dispute you’re not educated on.

By having your company follow the correct agreements. You can prevent any disputes from happening.

Customer or Supplier disputes.

You have created this awesome product that everyone wants. A distributor from Jaipur wants to start buying your product. You sign a Contract that states they will buy 1000 units of product every month.

But one day they raise a dispute because they believe the products they got sent were damaged.

There was no clause in your Contract that stated what happens if products they received were damaged.

Both sides are going to think there in the right. But because you didn’t put anything in the contract you don’t have a leg to stand on.

Including small details in your Contract can help prevent these issues.

Shareholder disputes.

If you have a dispute with your shareholders that can cause risk to your company.

They may not let you make business decisions you need to make. Or they might not give you information about the company you should know about.

In some cases, you can approach the NCLT. And claim your shareholders are contradicting the Companies Act.

But in most cases, you should sit down with your shareholders and settle the dispute. Your Shareholders Agreement might have some rules about disputes.

Just because you and your shareholder are disputing. Doesn’t always mean you have to go to NCLT.

Contact BK Singh Advocate if you would like to know what you can do for a shareholder dispute.

Employee Contracts

One of the worst things you can do is hire an employee who knows too much about your company.

Make sure all your employees have contracts. That they will need to sign NDAs too.

You can make sure your employee doesn’t compete with you. By creating a non-compete clause in there contract.

Another trick some companies do is provide there employee with stocks options. This will provide an incentive for your employee not to join your competitors.

Documents Needed for Corporate Lawyers

You're going to need to provide documents for your attorney. You shouldn’t just walk into your attorney’s office without any knowledge of what your company documents.

You’re trying to raise investment for your startup. You’ll need different documents then if you were looking to sue someone for not paying you money.

Certificate of Incorporation

This is the document that proves your company exists. If your business hasn’t been incorporated yet. You’ll need to provide your attorney with different documents.

Say you want BK Singh Advocate to help you with raising investment. You’ll need to provide him with the below documents. So he knows exactly what your company is about.

Do you have all these documents handy? If not that’s fine!

Tell your attorney what documents you do have. And what documents you’ll need help searching for.

When do you need a Corporate Lawyer?

You should speak to a lawyer whenever you’re about to make a business decision that could affect your company.

Just because you don’t need a lawyer now. Doesn’t mean you shouldn’t consult with one.

These are just some scenarios where you would want to contact a lawyer. When in doubt, always consult with a lawyer.

Need a Corporate Lawyer but not sure?

Contact BK Singh Advocate if your unsure of what type of lawyer will help you.

Atleast you now know that you should consult with a lawyer before making any big decisions.

How Can a Corporate Lawyer help?

If you have read till this part of the article. You now have a basic understanding of what a Corporate Lawyer can do.

At Corporate Law Firm we hope you found this information useful. If you need any assistance with your business you can contact us. Tell us about your situation and we can pinpoint which attorney can help you.

You may need an attorney to draft contracts for you. Or maybe you just need someone to help you send a legal notice.

Learn how we can help you with your business. Or how you can contact Corporate Law Firm for business assistance.

Now that your ready to find a Corporate Lawyer. Contact BK Singh Advocate to see if we can assist you.