Biz Scope Journal | DialEzee

  Debt Dilemma? How Do I Recover Outstanding Payments?" 💰🤔 #DebtRecovery #CorporateLitigation #LegalHelp One of the most commonly asked questions by our corporate and commercial clients is: "How can I legally recover outstanding debts from a client or vendor without ruining business relationships?" 🧐💡 Let’s break it down step-by-step and offer you the ultimate legal strategy to manage such situations smoothly. 🛠️✨ 💡 The Answer: A Tactical Approach to Debt Recovery 1️⃣ Send a Demand Notice 📨 The first step is to send a professionally drafted demand notice. This legal document serves as a formal request for repayment, laying out the due amount, interest (if applicable), and a time frame for settlement. 🛠️ Why it Works: Sets a legal precedent. Shows your intent to take formal action. Often encourages swift repayment to avoid litigation. #LegalNotice #DebtManagement #DemandLetter 2️⃣ Opt for Mediation or Arbitration ⚖️🤝 Before going to court, consider resolving...

  Can I Start a Business Without Registering It? 🤔✨” Starting a business is exciting, but one of the most common questions we get asked is: "Do I need to register my business, or can I operate without it?" 🌟 #BusinessBasics #StartupJourney #LegalInsights The Answer: Yes, technically, you can operate without registering your business, but here’s the catch—it limits your growth, credibility, and access to benefits. Let’s dive into the details! 1️⃣ When Registration Is Not Mandatory: Small businesses like sole proprietorships can operate without formal registration, but they must still adhere to legal compliances like: Obtaining a GST registration if turnover exceeds ₹20 lakhs. Acquiring licenses (e.g., FSSAI for food businesses). 💡 #SmallBusinessIndia #LegalRequirements 2️⃣ When You Must Register Your Business: Planning to hire employees? Registration under the Shops and Establishments Act is mandatory. Want to avail of loans, government schemes, or raise investments? You’l...

  What Happens if My Startup Doesn’t Have a Founder’s Agreement? 🚀💼" 🌟 The Big Question : “Do I really need a Founder’s Agreement for my startup?” 🛠️📜 This is one of the most common (and underrated!) questions we get from ambitious entrepreneurs diving headfirst into India’s dynamic startup ecosystem. The short answer? YES! A Founder’s Agreement is the Bible of your business partnership —without it, you could be heading into a legal minefield. 🚩💥 🌟 Why is it Important? Think of it like this: starting a business with co-founders is like getting married, but without the romance. 💔👨‍💻👩‍💻 A Founder’s Agreement: 1️⃣ Clearly outlines roles and responsibilities. 🛠️🔍 #StartupRoles #BusinessResponsibilities 2️⃣ Helps divide equity and profits (No fights over who gets the bigger piece of the pie 🥧). 💵🤝 #EquityDivision #StartupFunding 3️⃣ Protects against co-founder exits or disputes. 🚪🛡️ #FounderExit #DisputeResolution 4️⃣ Lays down a roadmap for decision-making proces...