{"id":12544,"date":"2021-09-06T11:27:23","date_gmt":"2021-09-06T11:27:23","guid":{"rendered":"https:\/\/purplepursuits.com\/?p=12544"},"modified":"2021-09-06T11:27:23","modified_gmt":"2021-09-06T11:27:23","slug":"how-to-validate-legality-of-simple-business-ideas","status":"publish","type":"post","link":"https:\/\/purplepursuits.com\/?p=12544","title":{"rendered":"HOW TO VALIDATE LEGALITY OF SIMPLE BUSINESS IDEAS?                                                                                                                             \u2026Legal Basics of Starting Business"},"content":{"rendered":"<p>[vc_row][vc_column width=&#8221;1\/4&#8243;][vc_single_image image=&#8221;12545&#8243; img_size=&#8221;full&#8221;][\/vc_column][vc_column width=&#8221;3\/4&#8243;][vc_column_text]<\/p>\n<p style=\"text-align: left;\">Its well-known starting business is challenging and multi-tasking. Having a solid business idea is base but requires to address and attend enormous aspects flowing from that business idea to kick off a new business.\u00a0 Checking for legality of the business in the\u00a0 initial phase of business from the ideation stage itself is vital.<\/p>\n<p>&nbsp;<\/p>\n<ul style=\"text-align: left;\">\n<li><strong>First and foremost, is to check whether the proposed business is not against the law of land.<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left;\">Any business which is opposed or against the law of land is illegal. Example of illegal businesses are illegal wildlife trade, counterfeiting, human trafficking, drug trafficking and list goes on<\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<ul>\n<li style=\"text-align: left;\"><strong>Does the proposed business require license from the concerned regulatory authority?<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left;\">Lot of businesses requires license from the concerned regulatory authority license to start business.\u00a0 In the absence of such license the business is illegal and consequently may undergo lot of difficulties and sometimes may lead to closure.\u00a0 For example, to start restaurant or food business in India then FSSAI License is must from food safety and standards Authority of India.<\/p>\n<p>&nbsp;<\/p>\n<ul style=\"text-align: left;\">\n<li><strong>Do you know the comprehensive list of compliances under applicable laws <\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left;\">Knowing the applicable law for the proposed business and complying with those laws is crucial. This is purely depending sector and industry you are planning to enter into<\/p>\n<p>&nbsp;<\/p>\n<ul style=\"text-align: left;\">\n<li><strong>Does your business will have online presence?<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left;\">All online businesses in India need to be complainant of Information technology Act depending upon their industry sector along with all other applicable laws. Be mindful of data privacy and protection rules and regulations to your business.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left;\"><strong>\u00a0<\/strong><\/p>\n<ul style=\"text-align: left;\">\n<li><strong>Are proposing to lunch website for your business or mobile Application for business?<\/strong><\/li>\n<\/ul>\n<p style=\"text-align: left;\"><strong>\u00a0<\/strong><\/p>\n<p style=\"text-align: left;\">Website terms, user access agreement and privacy policies are required to add in your website.<\/p>\n<p style=\"text-align: left;\">In addition to the above do take the fundamentals \u00a0\u00a0of business seriously in order to avoid unnecessary legal hassles and consequent fines and penalties.\u00a0 Few illustrative basic checks of fundamentals for proposed businesses are:<\/p>\n<ul style=\"text-align: left;\">\n<li>Is your proposed business plan include forming and legally structuring business? like registration \/ incorporation of business-like LLP or Private limited company, One person Company?<\/li>\n<\/ul>\n<ul style=\"text-align: left;\">\n<li>Written shareholders or founders Agreement<\/li>\n<\/ul>\n<ul style=\"text-align: left;\">\n<li>Intellectual property rights identification and protection from the inception<\/li>\n<\/ul>\n<ul style=\"text-align: left;\">\n<li>If applicable registration and compliance under shops and establishment act<\/li>\n<\/ul>\n<ul style=\"text-align: left;\">\n<li>Sign Non-Disclosure Agreements from beginning with all the stakeholders to address infringement and misuse issues<\/li>\n<\/ul>\n<ul style=\"text-align: left;\">\n<li>Cultivate legal compliance culture<\/li>\n<\/ul>\n<ul style=\"text-align: left;\">\n<li>Know the dos and don\u2019ts under the laws<\/li>\n<\/ul>\n<ul style=\"text-align: left;\">\n<li>Hire lawyer from inception of business initially to validate legality of business, to avoid legal hassles and penalties<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left;\">Checking for legality of the business in the initial phase of business from ideation stage is crucial and fundamental to start, sustain and survive. Validating the proposed business from legal angel is important for every and any proposed business be it simplest form of business or complex one. It is always helpful to know the laws in and around your proposed business from the ideation stage of business. Taking the legal professional\u00a0\u00a0 help to structure and grow the business as and when needed before venturing each new step is better course action than struggling and juggling with legal hassles later.<\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text][\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<em>Disclaimer: The information provided under this website is solely available for informational purposes only, should not be interpreted as soliciting or advertisement. We are not liable for any consequence of any action taken by the user relying on material \/ information provided under this website. It\u2019s not legal opinion in cases you have any legal issues then in all those cases you must seek independent legal advice.<\/em>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<strong>* Write up by Team Purple Pursuits, for more details you can reach to us info@purplepursuits.com<\/strong>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column width=&#8221;1\/4&#8243;][vc_single_image image=&#8221;12545&#8243; img_size=&#8221;full&#8221;][\/vc_column][vc_column width=&#8221;3\/4&#8243;][vc_column_text] Its well-known starting business is challenging and multi-tasking. Having a solid business idea is base but requires to address and attend enormous aspects flowing from that business idea to kick off a new business.\u00a0 Checking for legality of the business in the\u00a0 initial phase of business from the ideation stage itself is vital. &nbsp; First and foremost, is to check whether the proposed business is not against the law of land. &nbsp; Any business which is opposed or against the law of land is illegal. Example of illegal businesses are illegal wildlife trade, counterfeiting, human<span class=\"read_more_area\"><a class=\"read-more\" href=\"https:\/\/purplepursuits.com\/?p=12544\"> Continue Reading <\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":12545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-12544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-write-ups"],"_links":{"self":[{"href":"https:\/\/purplepursuits.com\/index.php?rest_route=\/wp\/v2\/posts\/12544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/purplepursuits.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/purplepursuits.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/purplepursuits.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/purplepursuits.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12544"}],"version-history":[{"count":6,"href":"https:\/\/purplepursuits.com\/index.php?rest_route=\/wp\/v2\/posts\/12544\/revisions"}],"predecessor-version":[{"id":12551,"href":"https:\/\/purplepursuits.com\/index.php?rest_route=\/wp\/v2\/posts\/12544\/revisions\/12551"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/purplepursuits.com\/index.php?rest_route=\/wp\/v2\/media\/12545"}],"wp:attachment":[{"href":"https:\/\/purplepursuits.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/purplepursuits.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/purplepursuits.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}