Skip to main content

Posts

Showing posts with the label ARTICLES

Is It Legal to Have a Verbal Agreement in India?

  Is It Legal to Have a Verbal Agreement in India?” – When ‘Word of Mouth’ Meets Law! πŸ—£️⚖️ Client Question: "We made a deal over coffee and sealed it with a handshake. Is a verbal agreement even valid under Indian law?" Let’s clear the air: Yes, verbal agreements can be legally valid in India! But before you rush off making million-rupee handshake deals, here’s the catch... ☕🀝 πŸ“Œ Top Keywords: Verbal Agreement India, Oral Contracts Indian Law, Legal Validity Verbal Deal, Indian Contract Act #VerbalAgreement #OralContractIndia #HandshakeDeals #LegalContractIndia #LexisAndCompany πŸŽ™️ What Makes a Verbal Agreement Legally Binding? According to the Indian Contract Act, 1872 , a contract can be oral or written , as long as it includes: ✅ An offer and acceptance ✅ Intention to create legal obligation ✅ Lawful consideration (something of value exchanged) ✅ Free consent of parties involved ✅ Legal purpose So technically, that coffee-shop deal is valid. ☕πŸ’Ό But can yo...

Can I Convert My Sole Proprietorship into a Private Limited Company in India?

  Can I Convert My Sole Proprietorship into a Private Limited Company in India?” – From Solo to CEO Mode! πŸ§‘‍πŸ’ΌπŸ“ˆ Client’s Question: "I started as a sole proprietor, but now business is booming! Can I switch to a private limited company? What’s the process?" πŸ€“ πŸ”₯ Trending Keywords: #SoleProprietorship #PrivateLimitedCompany #CompanyConversionIndia #StartupGrowth #BusinessRegistration #EntrepreneurIndia #BusinessExpansion πŸš€ Why Stay Solo When You Can Go Corporate? Many businesses begin as a sole proprietorship – it's simple, fast, and easy. But when your business levels up, so should your structure! 🎯 Transitioning to a Private Limited Company (Pvt Ltd) is like going from a cycle to a turbo-charged SUV – better control, more speed, and way more features. πŸ’₯ #BusinessUpgrade #PvtLtdBenefits #CompanyIncorporation πŸ’Ό Why Convert to Pvt Ltd? Here’s What You Get: ✅ Separate Legal Entity – Your business becomes legally separate from you ✅ Limited Liability –...

Can I Start a Business Without Registering It in India?

  Can I Start a Business Without Registering It in India?” – The Startup Shortcut That Might Backfire! πŸš€⚖️ Client Question: "I’ve got a killer business idea and a few clients ready to pay. Can I just start working without registering my company in India?" The short answer: Yes, you can ... but should you? Let’s talk about the risks of running a business in stealth mode (and no, we don’t mean being a ninja πŸ₯·). πŸ“Œ Top Keywords: Start Business Without Registration India, Sole Proprietorship India, Legal Startup Advice, Business Compliance India #StartBusinessIndia #UnregisteredBusinessIndia #StartupIndia #LegalStartupTips #LexisAndCompany πŸš€ Yes, You Can Start — But Here’s What It Means Legally In India, you can run a business as an unregistered sole proprietorship without needing to incorporate. Sounds simple, right? But here's the legal picture: ✅ You’ll still need a PAN card ✅ GST registration if your turnover exceeds ₹20 lakhs (or ₹10 lakhs for NE/hilly sta...