Business Studies, asked by bokamosomorakabe, 7 months ago

State any five types of legal requirements that will be for your business

Answers

Answered by nisha02345

Answer:

Here are some important legal basics that startups and entrepreneurs in India should be aware of before embarking on a business venture:

Here are some important legal basics that startups and entrepreneurs in India should be aware of before embarking on a business venture:Formalizing a business structure and founders agreement. ...

Here are some important legal basics that startups and entrepreneurs in India should be aware of before embarking on a business venture:Formalizing a business structure and founders agreement. ...Applying for business licenses. ...

Answered by prerna16sl

Answer: Any five types of legal requirements that will be for your business are:-

1) Business license

2) Accounting and taxation

3) Labour laws

4) Contract management

5) Information about winding up

Explanation:

Before starting any business, we need various legal requirements that will help our business to function properly and legally.
Business license is the license required before starting any particular type of business. It is a legal document that allows the business to operate and helps in listing the business.
Taxes and accounting are the most important part of every business. Businesses need to know about various types of taxes and how much to pay. Also, accounting and financing which helps to keeping the business in a stable financial position.
Labour laws are an important part of every business. Business hires people to work for them so they need to know about labour laws.
Contract management is required to ensure that the work is done and fulfilled smoothly.
Winding up means closing or shutting down of business. Businesses need to know about the process of winding up and what all things are required before closing the business.

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