5 Things to Consider Before Choosing Your Legal Service Provider

Startups are full of energy and subtle self-confidence to reinvent the wheel. You will try and do everything possible, in-house. While this looks ideal at first look, things don’t quite turn out well always. Especially if you are a startup dealing in food, IT, or logistics and try to get the legal stuff done under the single roof. Right from registering your company to managing books of accounts, their plethora of things to be taken care of in business to stay compliant.

Therefore, choosing a legal partner means you free yourself from all the worries that you are not familiar with.

Here are the top five things you should look for while choosing a legal service provider as a partner. 

1. Comprehensive Range of Services

Choosing a legal partner for your business means they offer almost everything that the corporate law envelopes. There are many things that your startup will require once it incorporates into a company. If you have chosen to register private limited company then you will also need a set of other services to keep things pumping.

This includes getting the licenses required to run the business which means FSSAI for starting a food license in India, trademark registration to protect the brand or even getting GST registration for your business to abide by the tax compliance. The professional business services to keep your business within the boundaries of law means an all-round, holistic partner who is no less than a guardian angel.

2. Tailored Packages

The type of services you can expect can be in part determined by the specific nature of the business. It’s not always the case that you need a business lawyer. For instance, in some cases, a corporate registered agent might be the more suitable choice for your needs if you need corporate formation services, annual filings, and so on. Make sure that you know you’re choosing the right service to fit your specific needs.

As mentioned above, there are a bundle of services that you’d need to stay compliant. It is best if your legal service provider can custom package those services at discounted rates. This not only saves money but also your time and resources that are otherwise invested to keep a check on compliance. With customized compliance packages, you can get what precisely what you are looking for and that covers what your business requires.

A typical package to register a private limited company in India would look like this:

3. Industry Experience and Customer Reviews

You don’t want to hand over your crucial business responsibilities to a novice. Always trust the professionals having rave customer reviews and especially trust the one who has a satisfaction guarantee policy at the place. This ensures two things – quality service and safety. 

Industry experience is a must. Look for the number of clients your prospective legal partner has served and years since active in the business. What they do the best is best found in their blogs as it reflects that understanding of their business. Also, many of these service providers keep unfiltered rankings to stay transparent which is a good sign indicating their business conduct. 

Since most of the legal services involve working your way out through bureaucracy, choose the one who assures fastest yet believable turnaround time. You cannot trust the ones who promise to get your business registration done in 5 days as a process from the government’s end itself takes longer. And then you can avoid those who present long time frame like a month just to keep the buffer time and keep you in darkness. This is something that reflects their expertise in the industry they are dealing in and also a yardstick on which their clients judge them.

4. Expert Guidance

You don’t need a salesperson when talking about the legal services. Because it involves the complex procedure, precise information and addressing your concerns honestly. Choose the service provider who has a team of lawyers, Charted Accountants and Company Secretaries for they are the right person to talk to and raise your compliance-related concerns. Many of these professional service providers in the legal space run a website that helps you place an order and make payment online. 

A hallmark of a successful business is its compliance. And to be so, your startup need business professionals to be successful. These are LegalTech startups who offer such services online. It is best to get on a call and speak to their representative and ask their designation. If you find a company routing your query with legalities involved through a call centre then ask them to put you up to business professionals like lawyers, etc. Some of your concerns may need expert guidance and it is highly recommended to choose your legal partner wisely.

5. Continuous and Reliable

The key factor in any service is the vendor’s ability to continue within the predetermined time-space while being accountable for the same. Legal partners are the ones who put your compliance on auto-mode as you don’t have to remember the tax filing dates or any other dates required to carry out a procedure for statutory compliance. 

While it is one thing to trust them, they too should be taking some responsibilities. This means to keep you informed when anything is done and there is a constant communication of any official government updates via email and phone calls. If there is an increase in government fees or a cut in tax rates, then it is their responsibility to loop you in. Another thing is signing an NDA contract as your legal partner is your business vendor too.

This means they may also provide similar services to competitors. Getting an NDA contract does not mean questioning their integrity but also a relief that you bring it to yourself. And since you are sharing confidential business information with legal service professionals, it is best to get this done for the security of both the parties involved.

Conclusion

Business professional services are fundamental for you to keep your focus on performing core business activities. Hire legal consultants online to enjoy doing your business while you keep all the legal worries at bay. Define your requirements and if you are confused, speak to legal experts to better understand compliance need for your startup.

Shrijay Sheth is an entrepreneur with more than ten years of experience in working with hyper-growing digital commerce companies across the globe. A data savvy leader and a people’s person, he is the founder of India’s premier LegalTech startup – LegalWiz.in.

Facebook: https://www.facebook.com/LegalWiz.in/

Twitter: https://twitter.com/LegalWiz_in

Instagram: https://www.instagram.com/legalwiz.in/

LinkedIn: https://in.linkedin.com/company/legalwiz.in

Youtube Channel:https://www.youtube.com/channel/UCVXjKsebnmTbd2Rixy6U7mA

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4 comments

  1. Hello

    This Article is Very Greet And Article is Some Long But Content is Very interesting.

    GOOD LUCK For coming post…

  2. One of the bests, a bit of a beauty parade, we always suggest you can compare more than one lawyer before choosing lawyer these days. It’s pretty easy to do. You can find one that, not only, suits your budget, but also suits you. It’s an important relationship to get right.

  3. Very informative article. You can ask other people also hiring for lawyers, the factors they are looking for while hiring the lawyers. All these will really help in making the right choice.

  4. Thanks for sharing quality information. Your website is very informative and I always find interesting stuff here to read and learn.
    By the way Nidhi Jain is the best certified public accountant in California, if you are looking for tax consultant for back tax solutions or tax planning services, you should definitely content them.

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