Legal
Aspects of Business
Every entrepreneur is
required to take care of various legal aspects while setting up a
business entity. Every form of organization is required to register
itself with the respective local authorities, understand the prevailing
labour laws and regulations, take care of the taxation system and the
environmental aspects. These aspects are described below:
Business Unit Registration
Each and every business is required to register itself for the purpose
of maintaining statistics and also keep an account of similar units to
provide related support service and incentives.
Objectives Of Business Unit Registration
- For enumerating and maintaining a list of small scale units to
which the package of incentives and support must be provided.
- For providing a certificate which further helps the units to
avail statutory benefits.
- For maintaining statistics of these units.
- For creating nodal agencies at Centre, State and District level.
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