The legal framework refers to the set of guidelines, rules of conduct and regulations within which any business entity operates. The business legal framework describes the set of laws which guides the conduct of business activities in a country. The legal framework of a business is what ensures that your service or product is protected, that you're not operating illegally, and that you don't lose out if things change in your team. Despite being easily avoided, legal challenges are one of the top reasons why startups fail. It provides tools for ensuring the continuous integrity of the regime – that is, through governance structures; mechanisms for monitoring, evaluating and facilitating compliance; and dispute prevention and settlement. A well-functioning regulatory framework minimizes the costs of business formation, operation, and closure. The presentation will equip you with more resourceful facts.

Manju VP

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