WinSavvy

In the US, it is the states which have power to enact corporate laws. Companies incorporated in each state has to follow its own state law relating to its incorporation and operations. However, thankfully the situation is not that chaotic as appears in first glance. The Model Business Corporation Act, 2002 is used and followed by 22 states in the US. This helps promote uniformity and provides business owners and startup enthusiasts, a sense of clarity as to the law that applies to their organisation when their business operates in more than one state. Starting a corporation in the US is a great business legal structure . However, there can be some legal compliances involved. Read on to find out!

So you've got the perfect business idea and wish to make a successful business surrounding the idea? Well, that would be great, provided you have a sound business plan , but a word of caution - you need to know the laws that govern your business domain. Now, it may seem really cut and dry, but hear me out. Suppose, you are in the manufacturing sector, you need to know laws relating to pollution if your business emits fumes or effluents. You might also need to know of the related laws in the labour sector so as to be sure you are not contravening any laws which can result in fines or even in other forms of prosecution. Even if you are in any other sector, I'd bet there are some laws that govern that niche and if you are not aware of the laws you can get prosecuted or even worse, you can get ripped off.  Keeping that in view, it isn't a surprise that 9 out of 10 startups fail . It isn't a surprise that lawyers nowadays make a killing! So, if you want to go ahead with your

Article by Shivangi Tokas , Edited by Aditya Bhushan . India Inc. is ready once again. While it had fallen from the grace of the fastest growing country in the world due to the dual effects of demonitisation and COVID-19, the country might have just escaped its worst economic downturn and now seems to be pushing up. However while there still are problems , due to the US-China trade war, several manufacturing hubs seem to be leaving China and setting up business in India . But why did businesses leave out India and turn to China in the first place? Turns out the problem lay in the tax and labour laws of our country. And, while we made a significant improvement in the tax laws (related read: professional tax in India ), we still have a very old set of labour laws that are pushing India's manufacturing businesses in a very hard path - a path which prevents them from effectively competing with foreign businesses. But India has taken notice and has redrafted its compila

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Article by Eshani Jain . What is a business model? The term business model caught the buzz only a while ago but has been in use since ages. Business models have only recently, become so sophisticated. However the importance of a business model is only increasing day by day. Think – Uber. How does the world’s largest taxi company which doesn’t have to own a single taxi encounter losses each year? Well, the answer lies in its business model. Why did people keep investing at Amazon even after it kept on getting losses years on end? The answer’s again in its business model. And, why do some companies like Kodak get wiped out from the competition of consumer cameras even though it practically invented both the chemical and digital camera!? Yet again, the answer is in the company failing to understand its business model. It may seem hard to comprehend all of this right now, especially since you may not know much about the term, but let’s keep this in the back of our hea