Vakilsearch: Legal Advice for Indian businesses
Since 2011, Vakilsearch has been a one-stop solution for any business or entrepreneur looking for a lawyer, chartered accountant or company secretary. We have been particularly instrumental in ensuring startups are fully compliant with India's labyrinthine legal system. Over the past five years, the depth of our offerings, affordable prices and customer satisfaction has made us the largest online facilitator of legal services in India. We have already served over 120,000 customers and have a steadily growing network of over 1000 professionals from all the major cities (particularly the metros of Mumbai, Bangalore, Chennai, Delhi and Kolkata) on our online platform. In 2016, we launched Libra, a law practice management software, for legal professionals across India.
Many founders are confused about what kind of entity to register when they start their business. Should it be a private limited company, limited liability partnership, partnership firm, one person company or a sole proprietorship. Each of these has very specific advantages and disadvantages. There is no one type for all businesses. A private limited company registration, for example, would be a good fit for any venture that will look for funding at a later stage. You can contact Vakilsearch for all the advice you need. We assure you of great service at a reasonable price.
In modern business, there is no other asset as valuable as intellectual property, and yet so many startups end up neglecting it. But this is surely not advisable, as trademarks, copyrights and patents ensure that you have sole rights to your creation, be it your brand, your designs or your inventions. At Vakilsearch, we are well equipped to handle all your IP requirements. We perform trademark registrations in just three days, can file a copyright registration for all your software, pictures, audio and video content, and can connect you to patent attorneys to conduct a patent search and file your patent applications.
In India, you need a license for everything in business. Started a manufacturing business? You need a VAT registration (earlier known as sales tax) and CST registration. Started a service business? You need a Service Tax registration.. Have employees? You need a Professional Tax registration and Shops & Establishments Act Registration. If that's not enough, you also need to file VAT Returns, Service Tax Returns and Professional Tax Returns.
It's not enough to have started a private limited company or LLP. You need to comply with all the requirements of the Ministry of Corporate Affairs and Income Tax Act once you do. You need to inform them of every relevant change you make, whether it is adding a director, removing a partner or increasing authorised share capital. You also need to file annual returns and maintain your accounts. In the case of a private limited company, you even need them audited. At Vakilsearch, we perform all these services completely online. Which means you can pay us a retainer for the year and we'll complete all the formalities for you while you focus on your business.
Libra for Lawyers
The legal fraternity in India comprises largely independent lawyers and small law firms with under five partners. Such practices have a difficult time managing their practices efficiently. Our law practice management software Libra is, therefore, a game-changer, as it will enable lawyers to single-handedly manage their practice. It gives them 24-hour access (on mobile and desktop) to their clients, cases, schedule, bill payments and even nation-wide judgements. Software for lawyer's offices will have a huge impact on any area of the practice.