More and more professionals are turning entrepreneur by starting out on their own. Design experts, HR professionals, marketing managers and legal executives are but a few examples. This post is largely addressed to them.
There was a time when you started your entrepreneurial venture on your own. Life was relatively simple. You pretty much got what you earned. As your business grew, you hired others and over time, your small set up became a growing firm. Life becomes a bit more complex as you hire more people.
As small enterprises grow, it becomes important for entrepreneurs to be compliant with applicable legislation. Ignorance of the law, as the old saying goes, is no excuse for breaking it. Tedious as it may be there are regulations relating to licenses, Service Tax, Professional Tax , Provident Fund etc which need to be attended to as your business grows.
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