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Small Business

Small businesses are concentrated to perform on a small scale environment. Their organization is simple and thus, their activity can be managed simply. Small business does not mean lesser profit, they generate lesser revenue but proportional to their costs.

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Midsized Business

Like small business, they operate on a small size economy location. Their performance is focused on local level rather than global and so, the number of resources required are not large. Although their scope is not broadly focused,

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Large Business

In contrary of small and middle size business, large business encompasses a broader activity and their performance reaches a broader scope. Large businesses entail certain amount of investment. Therefore, the risks are higher as their structure

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Multinational Business

These types of businesses conduct its activities across nations. Normally, these types of companies at least operate in one major economy, where they coordinate their cross borders activities. Hence, their aims and performance are already established.

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What are the compliances?

Every business/ profession has to comply with certain legal requirements which are mandatory. These compliances begin with the inception of the business, and have to be ensured from time android spy, call recording, whatsapp spy, and time. Compliances are not a one time process. Different compliances have to be ensured at different stages of the business.

Is it mandatory to fulfil these compliances?

Yes, it is mandatory to fulfill these compliances since these are the requisite of law. Non compliance of these requisite will lead to major consequences such as termination of license, suspension, heavy fines and even imprisonment.

At the time of the initial incorporation of the business

  • Obtaining licenses/ Government Permission to set up the business
  • Making rent agreement/leasing agreement/sale agreement etc. for registered office
  • Obtaining PAN card
  • Obtaining Shop Act License
  • Incorporation of the company.
  • Obtaining permission from the concerned Governmental body depending upon the nature of the business/ profession.
  • Environmental Clearance Certificate from the concerned Authority etc.

After incorporation some other compliances follow such as

  • Labour compliances
  • Safety compliances
  • Sanitation and waste management compliances
  • Tax, Audit and Financial compliances
  • Other statutory and Regulatory Compliances

During the business cycle, certain other compliances emerge such as

  • At the time of merger/ acquisition
  • At the time of Joint venture
  • At the time of expansion of business
  • Change in nature or objective of the company
  • While opening branch offices etc

Introducing Track Rule – A revolutionary compliance management system.

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