When you start a business, gradually you will face many hurdles to run it successfully. From hiring employees to legal consultation and managing cash flow to developing marketing strategies, each factor decides the future of your business. You need to take special care if you just entering the market and are keen to establish your presence. As an experienced legal consulting firm, we offer specialised legal services to our clients and let them focus on their business. Research unfolds surprising facts about the legal aspects of startups and small businesses. About 10% of startups fail to survive their first year. In today’s competitive era, 90% of startups fail due to a lack of knowledge and proper support. Now, you can imagine how important for startups to calculate everything before diving into the business world.
Why Legal Advisory Services?
In 2023, about 1,054,052 new businesses opened which was eye-opening numbers as compared to the previous year. However, not every startup completes its successful journey. 18% of businesses fail due to legal challenges, including intellectual property disputes, regulatory hurdles, or compliance failures. Managing legal challenges is a time-consuming and costly activity if you try to cover everything by yourself. Navigating through necessary legal formalities and legal challenges can become cumbersome if you have incomplete knowledge. As a knowledge-based consulting firm, we offer 100% functional Legal Advisory Services to support our clients in their business journeys.
What section do we cover under our legal advisory services?
Complicated regulatory scenarios
We understand that navigating through the Indian regulatory environment is a bit challenging. From interpreting Labour laws to tax registration, everything demands enough time, proper understanding, and a heft amount of money. At Kapgrow, we convert legal problems into stress-free solutions without distributing workflow.
Frequent changes in policies
It’s quite irresistible to neglect the changes in policies and regulations, especially for startups. Mishandling to unpredictability can lead to non-compliance, failing an organisation. So, get assistance from an experienced consultancy and let them handle unpredictability for you like us.
Inadequate knowledge and resources
Often, founders of startups don’t have proper knowledge of the legal requirements, required to run their businesses. They even don’t know with whom they connect to discuss their legal issues. This considerable gap in understanding with limited resources creates struggles for them. This situation also opens the gateway to hiring legal professionals.
Lack of compliance culture
The desire to scale the business so quickly is quite common in startups. In the urgency of growing business rapidly, founders ignore and overlook the significance of a strong compliance culture. In our professional experience, we help many clients understand how to build a compliance culture and maintain a constant growth year to year. By opting for assistance from a trusted law firm or consulting firm like us, you can save yourself from the following pitfalls:
- Manage legal penalties
- Save yourself reputational damage
- Aviod operational interruptions
- Loss of investor confidence
At Kapgrow, we offer complete assistance to our clients to understand legal complexities whether they are running a big company or just starting their business journey. Contact us or call us if you need more clarifications on legal advisory.
