Most Trusted Business Legal Solutions Provider Platforms - 2023

2023 How to MAKE MONEY FROM YOUR MALL BUSINESS BLOG without Guilty Feeling Transforming the Legal Industry for Better Tomorrow SMALL BUSINESS OWNERS: How to Incorporate Your Business SUBATHRA MYLSAMY Committed to Protecting What Matters Most AAsKsoMcyilasatems yLLP&PARTNER ENTERPRISE WIRED Committed To Success



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From Editor s Desk Business legal solutions are indispensable for companies, providing crucial protection, guidance, and compliance in the complex world of commerce. These solutions encompass a range of legal services tailored to meet the unique needs of businesses, including contract drafting, intellectual property protection, employment law compliance, and dispute resolution. By availing themselves of these services, companies can mitigate legal risks, safeguard their assets, and ensure ethical business practices. Moreover, business legal solutions offer expert advice on navigating regulatory frameworks, enabling companies to operate within legal boundaries while maximizing their opportunities for growth. In an ever-evolving legal landscape, businesses must recognize the significance of robust legal solutions to safeguard their interests and foster long- term success. Featuring for Enterprise Wired's this issue of Most Trusted Business Legal Solutions Provider Platforms – 2023 are the stories of such companies. For the cover read about At this point, AK Mylsamy and Associates LLP has been providing skilled legal services for more than 55 years. After being associated with Mr. T. Raghavan, a pioneer in the practice of corporate law in Chennai for more than twenty years, as his junior, Mr. A.K. Mylsamy started his independent practice as a sole exclusive firm in 1974. With Subathra Mylsamy's addition, he converted the restricting firm into an organization firm. With the local availability of Mr.P.S.Suman in 2010, AK Mylsamy and Associates LLP officially became a Limited Liability Partnership (LLP). AK Mylsamy and Associates LLP has offices in Bengaluru, Coimbatore, and New Delhi in addition to their permanent residence in Chennai. We should learn more about the company and Ms. Subathra Mylsamy's opinions on the legal and court scene in our conversation with Ms. Mylsamy, a partner at AK Mylsamy & Associates LLP. Aarna Law is a firm with experience in intricate cross-line discussions and exchanges. Despite the fact that they are often young in age, the legacy of their legal profession spans almost a century and has taught them the value of excellence, responsibility, integrity, and service to the courts, clients, profession, and wider environment. In order to provide tailored and incredibly persuasive legal advice that is most relevant to the customers' business demands, be they simple or complex multiparty exchanges, LexCounsel has tremendous skill, inside and out area specific comprehension, and information. The founding partners of the firm have been officially recognised as \"AsiaLaw Leading Lawyers\" in their respective fields of expertise, particularly in information technology, broadcast communications and media, fundraising, and confidential value and work and business. HANNAH B.

ON THE COVER ARTICLES On The Cover Work at Home Dads: The Happiest Men on Earth JENNIFER BARNES READ MORE OPTIMA OFFICE | CEO & FOUNDER Why You Should Look for Residual- Jennifer Barnes- A Tech- based Business Opportunities Innovator and a Visionary- READ MORE... READ MORE On The Cover Small Business Blogs: Why Readers Prefer Free, Ad-supported Content LEIGH RUST over SAFETYLINE JALOUSIE | FOUNDER & DIRECTOR READ MORE Safetyline Jalousie – Delivering Performance How to Turn Your Ex-Employee into Louvre Window Solutions- Your Worst Enemy READ MORE... READ MORE How to Increase Web Form Conversion by 25-40% READ MORE How to Go Green and Save Money with Eco-friendly Online Printing Services READ MORE

Never miss out on the latest issues! Get latest news and industry insights with Enterprise Wired. MEET ENTERPRISE WIRED TEAM CREATIVE CONTENT EDITOR MARKETING COORDINATOR HANNAH BERG DAVID ROY PR & MARKETING COORDINATOR DANIEL BROWN BUSINESS DEVELOPMENT EXECUTIVE CREATIVE DESIGN HEAD BENJAMIN LOPEZ IVAN TAYLOR SOCIAL MEDIA MANAGER GRAPHIC DESIGNER VLADIMIR SCOTT MARIA JONES DIGITAL CIRCULATION MANAGER GRACE NELSON

ENTERPRISE WIRED, 1985, HENDERSON RD, COLUMBUS, OHIO, 43220 Follow Us On: For Editorial Concerns: [email protected] For Sales & Branding Enquiries: [email protected] For Subscription: [email protected] Publisher ENTERPRISE WIRED This list is NOT a ranking. The companies on listed in magazine serve different aspects of the market, making ranking them in any order except revenue impossible and unfair. We try to bring a perfect platform for business organization to showcase their valued products/ services. Copyrights © Enterprise Wired | 2020. All Rights Reserved. The images and content included in this magazine should not be copied, transferred or reproduced in any form or by any means, electronics, mechanical, photocopying, recording, otherwise, without proper permission from Enterprise Wired. Enterprise Wired solely owns all the reprint rights.

CONTENTS 24. PROFILE Aarna Law- Transforming the Legal Industry for Better Tomorrow 32. PROFILE LexCounsel- Committed to Protecting What Matters Most 20. ARTICLE How to Make Money from Your Small Business Blog without Guilty Feeling 28. ARTICLE Small Business Owners How to Incorporate Your Business

12. AK MYLSAMY AND ASSOCIATES LLP





COVER STORY AASKCSoOmMmCitAtYeIdNALToTDSSEucAScesMsL SUBATHRA MYLSAMYAK MYLSAMY AND ASSOCIATES LLP | PARTNER 12 | 2023

MY LLP s www.enterprisewired.com | 13

At this point, AK Mylsamy and Mylsamy and Associates LLP became Exchange, Intellectual Property Associates LLP has been a Limited Liability Partnership (LLP), Rights, Contracts, Real Estate, providing skilled legal so laying the groundwork for corporate Arbitration and Mediation, and Civil services for more than 55 years. After culture to be included in order to Litigation are just a few of the areas being associated with Mr. T. Raghavan, administer and oversee AK Mylsamy of Corporate and Commercial Law a pioneer in the practise of corporate and Associates LLP more expertly and that AK Mylsamy and Associates law in Chennai for more than twenty effectively in order to increase client LLP has gained practical experience years, as his junior, Mr. A.K. Mylsamy satisfaction. in. started his independent practise as a sole exclusive firm in 1974. What is the goal of the well-known AK Mylsamy and Associates LLP accomplishment of AK Mylsamy and acknowledge our superiority. In the With Subathra Mylsamy's addition, he Associates LLP? fifty years that we have practised converted the restricting firm into an corporate law, we have created a organisation firm. With the local Due to strict devotion to its guiding noteworthy reputation in several availability of Mr.P.S.Suman in 2010, principle of functional greatness, areas of corporate regulation. We AK Mylsamy and Associates LLP trustworthiness, the variety of look after clients who have been officially became a Limited Liability invention, and the constant updating of receiving returns from AK Mylsamy Partnership (LLP). AK Mylsamy and knowledge and ranges of abilities, AK and Associates LLP for a while. Associates LLP has offices in Mylsamy and Associates LLP has been Bengaluru, Coimbatore, and New fortunate to experience well- Through \"The Law Tree,\" where Delhi in addition to their permanent established success. Its reputation is legal information is disseminated to residence in Chennai. based on its ability to create and the general public in an approachable maintain long-lasting relationships yet fascinating fashion, AK Mylsamy We should learn more about the with customers, which is made and Associates LLP's creative side is company and Ms. Subathra Mylsamy's possible by a sizable team of highly once again on display, opinions on the legal and court scene qualified and committed resources who complementing our positioning. We in our conversation with Ms. Mylsamy, have access to a wide range of moved quickly to launch the a partner at AK Mylsamy & Associates information sources. \"ibccases.com\" information portal, LLP. which provides succinct summaries AK Mylsamy and Associates LLP has of Insolvency and Bankruptcy What were the fundamental issues developed the ability to evaluate the judgements and the development of you encountered? effects of a constantly evolving legal IBC case regulation. Law Tree and system and assist organisations in re- ibccases.com were both developed The challenge when competing in casting operations to maintain internally by a committed team. courtrooms was to establish and prove significance and maintain an my competence as a sound advantage. Development has been AK Our ability to provide thoughtful professional and to be taken seriously Mylsamy and Associates LLP's guiding analysis and concise opinions on in a male-dominated legal setting. To principle. Regular updating of even the most complex legal issues break the unreachable rank required knowledge and regulatory practises is immeasurably enhanced by the extensive work. using creative techniques, such as our participation of our advisory board, \"exceptional\" online newsletter \"The which includes luminaries from the The test (as for any lady) is to Law Tree\" and our original and legal and business worlds. The multitask while not arguing in court, creative information site Madras High Court's warning panel, whether it be at home or at work. More \"ibccases.com\" which is made up of former judges, importantly, the test is to run the the Company Law Board, and Tax association expertly. What are the core operations of AK and Finance Experts. Mylsamy and Associates LLP? What Which event triggered the creation sets your services apart from those This cross-segment of excellence of AK Mylsamy and Associates that are searching? will be highlighted in the brief LLP? profile of the advisory board Insolvency and Bankruptcy Code, members that is provided below. The main point was when Mr. Suman Mergers and Acquisitions, Foreign and I joined. After we joined, AK 14 | 2023

COVER STORY Equity Former Madras High Court Judge M. Jaichandren has experience in a variety of situations, including civil, criminal, labour, administrative, and debt recovery. He currently serves as the chairman of the Pondicherry Human Rights Commission. Other than writing and revising publications on corporate regulation, Mr. S. Balasubramanian, a former chairman of the Company Law Board, is a leader in the field of corporate regulation. Mr. K. K. Balu, a former vice chairman of the Company Law Board, a repository for participation and our research team on business laws, discretion, and intervention. Mr. S. Ramanujam, senior assessment master and authority on construction, de-building and consolidations. He worked for the UB Group in Bengaluru as the Executive Vice President, Group Taxation. Mr.R.S.Mani, a former group CEO of the M.R. Kodandaram lot (a member of the MS Ramaiah bunch), is an expert in banking, finance, and bankruptcy issues. What are the core operations of AK Mylsamy and Associates LLP? What sets your services apart from those that are searching? Insolvency and Bankruptcy Code, Mergers and Acquisitions, Foreign Exchange, Intellectual Property Rights, Contracts, Real Estate, Arbitration and Mediation, and Civil Litigation are just a few of the areas of Corporate and Commercial Law that AK Mylsamy and Associates LLP has gained practical experience in. AK Mylsamy and Associates LLP acknowledge our superiority. In the fifty years that we have practised corporate law, we have created a www.enterprisewired.com | 15

COVER STORY noteworthy reputation in several areas these may have a big impact on how in Madras, I was determined to do my of corporate regulation. We look after businesses are run, therefore master's overseas, so I pursued my clients who have been receiving approaches may need to be revised in LLM at the University of Manchester returns from AK Mylsamy and order to stay relevant and maintain the in the United Kingdom. Associates LLP for a while. Our upper hand. We make an effort to potential for greatness while travelling continue being dependable when While my frame of reference and providing high-quality legal services. willingness to operate in the west were We can proudly state that we have one expanded through my education and of the most knowledgeable advisory How have you observed diversity preparation overseas, practising in groups to provide our clients with evolving over time in the legal space? courtrooms back home was a culture plausible solutions to any of their legal shock for me. The main objective of problems. Our advisory team provides The legitimate scenario has undergone the test was to demonstrate my excellent Alternative Dispute a sea change, especially recently or personality and distinction in a field Resolution (ADR) solutions to resolve whatever. The way in which the law is dominated by men. Not completely difficult business and lawful issues our perceived has changed. It has moved committed to answering the phone clients are faced with. This group has away from litigation and towards directly. I moved cautiously and extensive and varied insight in appeasement, moderation, and deliberately in order to uphold my mediation and discretion. resolution. The goal is to reduce dad's long history. I elevated the frequent legal disputes and provide solitary proprietorship to the level of We have identified significant areas of more amicable solutions while utilising an organisation firm via perseverance strength for an Insolvency and advances in technology to achieve a and tenacity. Bankruptcy practise for prosecution very similar goal. and advisory, realising the importance With the onboarding of Mr.Suman, we of insolvency and bankruptcy in Positive innovation has affected every then, at that point, turned into a relation to corporate law practise. aspect of the situation. Legal corporate LLP law office in a range of examination, which used to take days, a couple of years. As a lady, mother, These numerous new drives are can now be completed in a matter of and business person other than being a implemented without jeopardising our hours. The increased use of technology legal counselor, thinking out about the primary teaching topics, which include is also creating a level playing field for crate and performing multiple tasks contracts, mergers and acquisitions, both the largest and smallest easily fall into place. Continually competition law, intellectual property businesses. In fact, even a small law sorting out of my usual range of rights, and several aspects of civil law. practise can access resources that were familiarity and ready to face previously only available to very large challenges, I am glad to have come this Experts employed by or affiliated with firms. Innovation has thereby improved far in my excursion as a lady and as a our company are constantly the quality of legal services for all lawful expert. collaborating to strengthen the clients. cooperative energy of their shared The vital accomplishments of your dedication to advancing the interests of Could you please tell us at some excursion in the law and case area? both the customer and AK Mylsamy & point about your professional Associates LLP. experience? I have strived, and keep on endeavoring, to stick to an exclusive The firm AK Mylsamy and Associates The journey has been thrilling. I expectation of impressive skill, LLP is unwavering in its belief that wanted to pursue my passion for mass proficient morals, and quality in the building and maintaining long-term correspondence as my career after administrations that I render to my relationships with clients depends on receiving my degree in expressive arts clients. consistently raising the value of their and my master's in mass operations. The ability to emphatically communication. But because my father I accept that ladies are regular multi- filter the environment and evaluate the was worried about his health, it was taskers and make an honest effort to effects of a continuously changing truly up to me to carry on his legacy. I use this capacity in overseeing and legal system and regulatory framework thus met the requirements for skilled running AK Mylsamy and Associates is a necessary component of legal counsel. After completing my LLP as an expert corporate association \"significant worth expansion.\" Some of bachelor's at Dr. Ambedkar University while holding morals and validity. For 16 | 2023

instance, I handle all issues connected with HR, enrollment, preparing and inspiration, life partner and framework, and furthermore Business Development. As per you what cutting edge ladies supporter and litigators ought to zero in on? Gen-next ought to be available to ceaseless learning. The capacity to be on the expectation to learn and adapt structures the center of any expert vocation, particularly a lifelong in regulation. The ascent to the top ought to be consistent and predictable and not be resolved exclusively by cash and acclaim. Information ought to be the center. We all ought to embrace innovation like AI which will take this industry to another level and pivot the scene of India. Who is the one person you most respect? At the risk of sounding cliché, it's my father, Mr. A. K. Mylsamy. He never stops inspiring me to give it my all, whether it is as a dad or a lawyer with humble beginnings and a spotless record. He has now been a wonderful example in the legal society for fifty years. There are several challenges out there, how do you cope with that? By reducing your stress levels! By focusing solely on growth, development, and value expansion to understand how we may effectively move AK Mylsamy and Associates LLP ahead. The only approach to control a pointless way of life is to evaluate and compete with oneself. www.enterprisewired.com | 17





HOW TO MAKE MONEY FROM YOUR SMALL BUSINESS BLOG WITHOUT GUILTY FEELING INTRODUCTION affiliate (you) earns a commission for promoting someone else's product or Blogging has become an essential tool service. This can be a great way to for small businesses to reach and monetize your blog without creating and engage with their target audience. In selling your own products. addition to driving traffic to your website, a blog can also be a source of To get started with affiliate marketing, revenue for your business. However, you'll need to find relevant products or many small business owners struggle services that align with your blog's niche with the idea of monetizing their blog and target audience. You can join affiliate without feeling guilty or alienating programs offered by companies or use their audience. In this article, we'll affiliate marketplaces such as Amazon explore some effective strategies for Associates or ShareASale to find making money from your small products and services to promote. business blog while maintaining authenticity and integrity. Once you've identified the products or services you want to promote, you can Here is How to Make Money from write blog posts, create videos, or share Your Small Business Blog without social media posts that include your Guilty Feeling; affiliate links. When someone clicks on your link and makes a purchase, you Affiliate Marketing earn a commission. Affiliate marketing is a performance- To avoid feeling guilty about promoting based marketing strategy in which an affiliate products, make sure to only 20 | 2023

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promote products or services that you When creating digital products, make Donations truly believe in and that align with sure to provide value and solve your your blog's values and mission. Be audience's problems. Price your Another way to monetize your blog is transparent about your affiliate products appropriately and offer a to ask for donations from your relationships by disclosing them in money-back guarantee to alleviate any audience. This can be done through your blog posts or social media shares. concerns your audience may have platforms such as Patreon or Buy Me a about purchasing from you. Coffee. Sponsored Content Advertising To encourage donations, make sure to Sponsored content is a type of provide valuable content and build a advertising in which a brand pays you Advertising can be a great way to strong relationship with your audience. to create content that promotes their monetize your blog, but it's important Be transparent about how donations product or service. This can include to do it in a way that doesn't detract will be used and provide incentives blog posts, videos, social media posts, from the user experience or such as exclusive content or early or other forms of content. compromise your authenticity. You can access to new products. sell advertising space directly to brands To attract sponsored content or use ad networks such as Google When asking for donations, it's opportunities, you'll need to establish AdSense or Media.net to display ads important to frame it in a way that yourself as an authority in your niche on your blog. doesn't come across as begging or and build a loyal following. You can desperate. Instead, focus on the value reach out to brands directly or work When using advertising to monetize you provide and the positive impact with influencer marketing platforms your blog, it's important to strike a your audience's support can have on such as AspireIQ or Influencer.co to balance between generating revenue your business. find sponsored content opportunities. and providing a positive user experience. Avoid using too many ads BOTTOM LINE When creating sponsored content, it's or intrusive ad formats that may annoy important to maintain your authenticity your audience. Monetizing your small business blog and integrity. Make sure to only work can be a great way to generate revenue with brands that align with your blog's Consultancy Services and build a sustainable business. values and mission and that you would However, it's important to do it in a recommend to your audience even if If your blog is focused on a particular way that doesn't compromise your you weren't being paid. niche and you have expertise in that authenticity or alienate your audience. area, you can offer consultancy Digital Products services to your audience. This could By using strategies such as affiliate include coaching, training, or marketing, sponsored content, digital Digital products are an excellent way consulting services. products, advertising, consultancy to monetize your blog without having services, and donations, you can to deal with physical inventory or To promote your consultancy services, monetize your blog while providing shipping. Examples of digital products you can create landing pages on your value and solving your audience's include ebooks, online courses, digital blog, offer free consultations, and problems. downloads, and membership sites. promote your services through social media and email marketing. Make sure Remember to stay true to your values To create digital products, you'll need to clearly define the services you offer, and mission, be transparent about your to identify your audience's pain points the problems you solve, and the relationships with brands and your and create content that addresses those benefits of working with you. monetization strategies, and focus on needs. For example, if your blog is providing value and building focused on healthy living, you could When offering consultancy services, relationships with your audience. With create an ebook or course on meal it's important to provide value and help the right approach, monetizing your planning or healthy recipes. your clients achieve their goals. Make blog can be a win-win for you and your sure to communicate clearly, set audience. You can sell digital products directly expectations, and deliver on your through your blog or use platforms promises. Provide excellent customer such as Gumroad, Teachable, or Kajabi service and ask for feedback to to create and sell your products. continually improve your services. 22 | 2023



Aar Ms. Kamala Naganand Advocate & Mediator 24 | 2023

rna LAW Transforming the Legal Indus y for Better Tomorrow Aarna Law is a firm with training would take place in a shop The Success Principle experience in intricate cross- with a variety of speciality procedures, line discussions and exchanges. and we never had the mindset that we What are the administrative focuses Despite the fact that they are often young would develop gradually and steadily. of Aarna Law? What sets your in age, the legacy of their legal With the addition of new and various services apart from those that are profession spans almost a century and practise zones, which have all tested searching? has taught them the value of excellence, and advanced us, it has been a slow responsibility, integrity, and service to and natural progression for us. A Aarna Law has always placed a the courts, clients, profession, and wider motivating factor has always been priority on the client and the value we environment. doing the work we value. add to ensure the best outcome for them. India is a very price-sensitive How about we learn about the journey of What changes have been made to market, therefore it is extremely Aarna Law since its inception and their Aarna Law charts since their important to us that the customer feels contributions in a meeting with Ms. creation? Would you ever mind like they are receiving value for the Kamala Naganand? sharing a few measurements? services we are providing them. What were the fundamental issues you Which began with just Shreyas and me How would you decide to make encountered? in a single room has grown to include Aarna Law a step-assist provider for more than 50 people (legal advisors your services? We started out in a small room at our and non-attorneys) spread across three family's Bangalore home, and today we offices. The opening of the offices in We are deploying cutting-edge are a store counsel-driven law firm with New Delhi and Mumbai was arguably resources throughout all of our offices offices in Bangalore, Mumbai, and New one of the most challenging and in order to improve administrative Delhi. One of the biggest challenges has exciting things we have ever done. We capabilities and promptly address been finding the ideal people that believe intend to establish a global practise clients' shifting needs. in comparable value frameworks as us rooted in India. After India, I intend to and who need to naturally develop with continue serving as a mediator for Is the list of administrations being us. Having said that, we have a international disputes at the Maxell updated in any way? Do you have remarkable team of people working with Chamber Suites Aarna ADR in anything inspiring to share? us, all of whom have helped Aarna Law Singapore. find its direction and grow. Currently, we provide services in the The people we work with, the kind of following areas: litigation, corporate What was the turning point that advice we provide, and our primary crisis advisory, pro bono publico, caused Aarna Law to develop? focus—client-driven critical thinking. mediation, investment arbitration, commercial arbitration, intellectual We consistently assumed that our property, real estate advisory, mergers www.enterprisewired.com | 25

and acquisitions, maritime law, early on in my career that I didn't Do you have any special client insolvency and bankruptcy, air and actually participate in it. 90% of Indian participation that you would want to space law, technology law, nuclear law, businesses are operated by families, highlight? and mergers and acquisitions. therefore I noticed a pattern where if Protections Law, Public Law, Anti- people came to dispute something, it I might want to share this quote from a Bribery and Anti-Corruption, Asset was always about something else. This client who I won't name: \"Your group Tracing Recovery, and Enforcement, search for a different solution is what and your accomplice have been the Corporate Advisory across many led me to Mediation as a form of best combination of amazing expertise organisations. dispute resolution, which is far more and compassion. These 2 viewpoints practical than I would want to believe. will, in the long run, greatly benefit How have you observed long-term both your private and professional changes in variety in the legal It is friendlier, more helpful in the end, lives. sector? and keeps family and financial issues at the forefront. My career's biggest This is the highest compliment I could I was one of two distinct women successes, in my opinion, have been all hope for, in my opinion. We must working on a case at Aarna Law when of the intercessions that have never forget that people turn to us I first started my career in a traditional successfully helped families and when they are through extreme prosecuting business. This is why we organisations and haven't split them suffering, and my main desire is to were so confident that Aarna Law had apart but instead brought them handle other people's problems to be a similar open door firm when we together. In this competitive mindfully, lessen the impact they are first started it, which is how we ended environment, I have also enjoyed having on their life, and help to have up with 90% female employees. In an working with new businesses, growing an impact on them. effort to make the legal aid sector brands, and creating new organisations. really welcoming and tolerant of What modern issues should female diversity, we have also happily What kind of attention would you litigators and supporters focus on, in provided a half-year paid maternity give your representatives? What your opinion? leave, six additional months of unpaid makes your team unique? maternity leave, and paternity leave. The areas that people should We have been at the forefront of concentrate on are: Could you please tell us at some sending women back to work, I can point about your professional proudly state. We made telecommuting Quality: delivering the best outcome experience? a part of Aarna Law's current situation possible to the client, acting morally, because the options for child care in and having sway After earning my LLM in Intellectual India are so limited and largely relied Property Law from George Washington on family. We hire women who have Who is the one person you value most? University, I studied law at the taken a break from their careers and University of Law in Bangalore and are looking for a chance to perhaps Grandpa I The late Mr. S.G. started working for the renowned law contribute to the labour force once Sundarswamy, who is regarded as the firm Sundaraswamy, Ramdas, and more. We had the groundwork in place bar's dean and whose rules of conduct Anandin Bangalore. After taking a 6- to make this happen, therefore and management are still mentioned by year gap to have my three children, I everyone at Aarna Law transitioned to people today. started Aarna regulation with Shreyas remote working successfully Jayasimha in 2013. I trained in 2017 as throughout the ongoing COVID Whose company narrative do you a middle person and have since situation. We also value investing in find to be the most compelling? participated in the time spent assisting our family members and have set up with query resolution. and prepared programmes to help The Bill and Melinda Gates establish authority. Foundation has a significant impact on What were the main successes of humanity. I find their story of selfless your venture into the legal field? There is no race that I belong to. I just giving of themselves, their time, and want to continually be a great person holding open doors to be incredibly Since using an adversarial approach to and legal advisor. inspiring. argument doesn't truly assist either side come to terms with reality, I knew very 26 | 2023



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Small Business Owners: How to Incorporate Your Business As a small business owner, you STEPS TO INCORPORATE YOUR benefits and drawbacks, so it's may be wondering whether or BUSINESS important to research each type and not to incorporate your business. choose the one that best fits your Incorporating your business can provide Choose a Business Name business needs. many benefits, including limiting your personal liability, protecting your Choosing a business name is one of the Choose a State of Incorporation personal assets, and providing tax first steps in incorporating your benefits. In this article, we'll discuss the business. The name you choose should You can incorporate your business in steps you need to take to incorporate be unique, easy to remember, and any state you choose, but many small your business. reflective of your business. It's business owners choose to incorporate important to do a search to ensure that in the state where they are based. Each What is Incorporation? the name you want is not already in use state has its own laws and regulations by another business. You may also governing corporations, so it's Incorporation is the process of creating a need to register your business name important to research the requirements legal entity separate from its owners, with your state or local government. in your chosen state. known as a corporation. This means that the corporation has its own legal rights Decide on the Type of Corporation File Articles of Incorporation and liabilities, separate from those of its owners. Corporations are often viewed as There are several types of corporations Articles of Incorporation are legal more formal and professional than sole you can choose from, including C documents that establish your proprietorships or partnerships, and can corporations, S corporations, and corporation with the state. The specific provide benefits like limited liability limited liability companies (LLCs). requirements for Articles of protection and tax advantages. Each type of corporation has its own Incorporation vary by state, but www.enterprisewired.com | 29

generally, they include the name of local business licenses, sales tax permits, Professional Image your corporation, the purpose of your and permits to operate in certain corporation, the number and type of industries, such as food service or Incorporating your business can give shares of stock you will issue, the healthcare. your business a more professional name and address of your registered image. It can help you establish agent, and the names and addresses of Obtain an Employer Identification credibility with customers, vendors, your initial directors. Number (EIN) and potential investors, and may make it easier to secure financing or credit. Appoint Directors An EIN is a unique nine-digit number assigned by the IRS that identifies your Tax Benefits As a corporation, you will need to have corporation for tax purposes. You will a board of directors who will oversee need an EIN to open a business bank Incorporating your business can the management of the corporation. account, file tax returns, and hire provide tax benefits, including the You will need to appoint at least one employees. You can apply for an EIN ability to deduct certain business director, and in some states, you may online through the IRS website. expenses, such as salaries, rent, and need to appoint more. Directors are equipment, from your taxable income. responsible for making major decisions Register for State and Federal Taxes In addition, corporations may be for the corporation and ensuring that eligible for lower tax rates than the corporation is complying with all As a corporation, you will be required to individuals. relevant laws and regulations. pay various state and federal taxes, including income tax, employment taxes, Access to Capital Draft Corporate Bylaws and sales tax. It's important to research the tax requirements in your state and Incorporating your business can make Corporate bylaws are the rules and register for any necessary taxes. it easier to raise capital by issuing regulations that govern how your stock or seeking investments from corporation operates. Bylaws typically Maintain Corporate Records outside investors. Corporations can include information about how the also sell bonds or other securities to board of directors is appointed and As a corporation, you will need to raise funds. how meetings are conducted, as well as maintain accurate and complete records how stock is issued and how profits are of all corporate activities, including BOTTOM LINE distributed. Bylaws should be tailored minutes of board meetings, financial to your specific business needs and statements, and stock issuances. It's Incorporating your business can should be reviewed and updated important to keep these records up to provide many benefits, including regularly. date and in compliance with all relevant limited liability protection, a more laws and regulations. professional image, tax benefits, and Issue Stock Certificates access to capital. To incorporate your BENEFITS OF INCORPORATING business, you will need to choose a When you incorporate your business, YOUR BUSINESS business name, decide on the type of you will issue shares of stock, which corporation, choose a state of represent ownership in the corporation. Incorporating your business can incorporation, file articles of Stock certificates are legal documents provide many benefits, including: incorporation, appoint directors, draft that certify ownership of the stock. You corporate bylaws, issue stock should keep careful records of who Limited Liability Protection certificates, obtain necessary licenses owns each share of stock and ensure and permits, obtain an EIN, register for that all stock issuances comply with all One of the primary benefits of state and federal taxes, and maintain relevant laws and regulations. incorporating your business is that it can accurate corporate records. If you're protect your personal assets from unsure whether or not to incorporate Obtain Necessary Licenses and business debts and liabilities. As a your business, it's a good idea to Permits corporation, your personal liability is consult with a business attorney or limited to the amount of money you have accountant to help you make the best Depending on the type of business you invested in the corporation. This means decision for your business. operate and where you operate it, you that if the corporation is sued or incurs may need to obtain certain licenses and debts, your personal assets, such as your permits to legally operate your home or car, are generally protected. corporation. This may include state and 30 | 2023



LexCLeox 32 | 2023

oxuConusnesell Committed to Protecting What Matters Most Ms. Seema Jhingan | Partner A corporate, business, and matters. LexCounsel was founded on offices in New Delhi and prosecution law firm called best global practises. Bhubaneswar, Odisha (led by Abhijeet LexCounsel with offices in Das, Partner), as well as partner offices New Delhi, Bhubaneshwar, Odisha, In order to provide tailored and in Mumbai, Bangalore, Kolkata, and partner offices in important Indian incredibly persuasive legal advice that Chennai, and other significant urban cities. It provides numerous legitimate is most relevant to the customers' areas, LexCounsel makes use of the sorts of aid to a variety of domestic and business demands, be they simple or specialised knowledge of a small international organisations. The firm is complex multiparty exchanges, number of experts and professionals to regarded as a leading law firm and LexCounsel has tremendous skill, provide consistent, comprehensive excels in a variety of practise areas, inside and out area specific legal business advice throughout India. such as mergers and acquisitions, comprehension, and information. The corporate and M&A, labour and founding partners of the firm have been In a number of practise areas, employment, real estate, venture officially recognised as \"AsiaLaw including Corporate and M&A, Tax, capital and private equity, education Leading Lawyers\" in their respective TMT, Dispute Resolution, Aviation laws, defence and aviation, fields of expertise, particularly in (counting guard and aviation), Real franchising, media and entertainment, information technology, broadcast Estate and Construction, and Labour dispute resolution, insolvency, communications and media, and Employment, LexCounsel has software/information technology, fundraising, and confidential value and consistently been regarded as a leading general corporate and commercial. work and business. firm [Sources include: Legal 500 and Asia Law and Practise, a Euromoney Seema Jhingan, Alishan Naqvee, and To ensure the best delivery of legal publication]. In 2019, ALB also Dimpy Mohanty, the founding services, LexCounsel is equipped with regarded LexCounsel as a Tier 2 M&A members of LexCounsel, offer cutting-edge technologies, executive warning firm.The LexCounsel suit thorough legal types of assistance and resources, updated library systems, and team led by Alishan has been arrangements in both cross-border and other committed emotional support recognised by BW Business World domestic corporate and business networks. With a close-knit network of Legal Awards, 2019, as the \"Question www.enterprisewired.com | 33

Resolution Firm for the Year.\" workplace stressors I experienced have 35 solicitors spread out over India while correctly encouraging clients and in both independent and affiliated Ms. Seema Jhingan has been involved supporting my seniors. Whatever the offices. We expanded from a single for more than 25 years. The BW case, it was generally a remarkable room office to a structure-filled office, Business World Legal Awards just chance for growth. complete with training areas. named Seema the \"Accomplice of the Year - Overall.\" Seema has also My partners and I founded LexCounsel What does the well-known received recognition from the Indian in 2004 as a little firm with few accomplishment of your association Corporate Counsel Association in 2019 resources, connections, or affiliations, serve to achieve? for her contributions to the Indian legal no clients, or offices or other physical community as a \"Sparkling Star of infrastructure. Since that time, we have The Firm was able to go forward with Indian Legal Fraternity\" and as one of grown in terms of size, clientele, its development trajectory because to a India's \"Confided in Corporate group, and notoriety. strong team, dedication to providing Lawyers of 2017\" in its publication, high-quality services, responsiveness \"The Vanguards.\" Seema works with What was the turning moment in the to clients, preparation to fulfil clients' IR Global, one of the largest Firm's development? business requirements, trust-building professional associations in the world, with customers and partners who value as a recognised Private Equity Numerous testimonials from previous working with the Firm, and significant professional. customers were sparked by the team's billings. perseverance under challenging We may learn more about the circumstances, resilience, joy, and How would you decide to urge the LexCounsel and its journey since its value-delivery job. Numerous clients company to move on with your inception by speaking with Ms. Seema were attracted to LexCounsel via services? Jhingan. consistency in work, business-oriented advice, and attention to details. The To expand our training, we plan to What were the fundamental issues firm's expertise in specialised fields establish more offices across India. The you encountered? such satellite and telecom work, Firm is now a member of IR Global, education, healthcare, clinical International Lawyers Network, and There were fewer female solicitors preliminaries, biotechnology, food Alliott Group, three international when I started my career as a young regulations, bankruptcy and chapter 11 organisations. The members of the lawyer in 1994, and I somehow picked practise, as well as other industries, business often attend the yearly up on the idea that while men are have contributed to attracting more conferences and regional meetings of preferred as the senior contending anticipated clients. these conferences to network with judges in courts, women are fantastic international legal professionals and as junior partners. After a year of The responsibility placed on Alishan advisers and learn about best practises, investigation, I discovered my actual Naqvee to oversee the debate goal client testimonials, business contributions to corporate, business, practise and Dimpy Mohanty's focus developments, and the board. and value-based regulation, all of on work, business, and improper which I continue to actively engage in. behaviour issues both contributed to Is the list of administrations being the strengthening of the Firm's training updated in any way? Do you have After the adoption of the new areas. Instead of one particular event anything inspiring to share? contemporary strategy in 1991, the serving as the catalyst for Indian economy began to expand, and development, I accept that The insolvency and bankruptcy the country began to attract a large LexCounsel's ongoing, consistently practise has recently been added to number of foreign financial supporters. high-quality work serves as that LexCounsel. The firm's effective Supporting large clients in their catalyst. educational practises encourage K–12 interests in India proved to be and higher education institutions particularly challenging due to the How have the organisational charts worldwide. Clinical research and numerous requirements and the fact altered since their creation? Could medical services continue to be strong that we were unfamiliar with Indian you at any time offer a few insights? points for particular regions. Digital trade laws and regulations. I reflect on currency advice is another fascinating the several sleepless nights and LexCounsel started out with 4 legal new area. consultants, and as of right now, we 34 | 2023

How have you observed long-term Our team is exceptional in its Whose company narrative do you changes in variety in the legal flexibility to recognise the value in the find to be the most compelling? sector? unique business need of the client, its in-depth knowledge of business law Only a few of the stories are gripping. I Since I started my career in the 1990s, and industry, its skill at in-depth seek inspiration from everyday life and when there were fewer practising research and translating legal people, their struggles, and their female solicitors, more women have requirements, and its case fortitude in overcoming common entered the legal profession. With management and execution. challenges and achieving more modest various corporate, prosecution, and goals. The stories of everyday speciality practise region businesses, Do you have any particularly individuals who work hard in business, the legal industry is currently more noteworthy client engagement that face challenges, and advance on a diverse. As there are more law you would want to highlight? small scale, whether in agribusiness, schools, more students from level 2 water preservation, or charitable work, and level 3 cities are aspiring to work Some customer interactions are are quite inspiring. The business as corporate legal advisors. extraordinary. For instance, in our biographies of Bill Gates, Kiran portrayal of Pilatus Aircraft, Majumdar Shaw, Narayana Murthy, Could you please tell us at any time Switzerland, the client informed us of and Steve Jobs are all inspiring. about your professional experience? the establishment of the delivery service at our workplaces and recalled Which of these is the most inspiring I have a strong commitment to the us for the initial delivery of Pilatus statement you've read? latest developments in regulation since coach aeroplane to the Indian I am so passionate about the practise Airforce. In essence, Protostar, a US Eckhart Tolle's \"Force of Being Present of regulation. After Titus and Co., I satellite-based company, invited in Now\" is perhaps one of the most started my legal education with LexCounsel to participate in the inspiring quotes I live by and try to Singhania and Co., and in 2004, I launch of its most iconic satellite as follow. The key to intelligence, a contributed to the founding of appreciation for our conscientious conscious manner of acting, and LexCounsel. work on this subject. Usha Breco, a happiness is the ability of the brain to reputable ropeway client of refrain from taking part in make- I continue to lead LexCounsel's LexCounsel, enlisted LexCounsel as believe stories or worries while being corporate business practise and greatly its representative for media handling fully present and alive in the moment. value guiding clients through of the ropeway's security protocols. complicated legal issues, corporate What is your take on the challenges? structuring, and value-based topics. I What modern women backers and enjoy working with entrepreneurs in litigators should concentrate on, as Regulation is a challenging subject that meetings where I regularly speak. you indicated? necessitates lengthy, concentrated workdays with a tonne of assumptions, What kind of care would you give to Whether you are working on a case or suppositions, fillers, disagreements, your representatives? What for a company, bring enthusiasm and and accommodations. Participating in distinguishes your group as unique? dedication to your work. Never carry the task and giving reason to one's your calling's orientation with you or regular labour is appropriate to avoid Our high-quality services are built on permit others to do so. I have always pressure and unease. Given that the a strong legal foundation. thought of myself as a supporter rather task is confined and without internal Connectivity with colleagues is crucial than a female champion. Most motivation, one must \"adapt.\" since authentic work requires restrictions, justifications, and detours Particularly, nothing convinces me collaboration over long periods of are things we fight against. more than meeting a client's time. Snacks, dinners, parties, and requirement in order to achieve its other gatherings organised by Who is the one person you value goals. Additionally, setting aside time LexCounsel assist in bringing the most? for yourself with family, practising team together while assisting our yoga or exercising, travelling, and partners with client interactions, court Zia Modi (the founder of AZB) is an reading are fantastic stress relievers. If appearances, and designation. expert, as is Mahatma Gandhi later on you introduce leisure time activities, and Sudha Murthy from current times. equilibrium won't be far behind. www.enterprisewired.com | 35





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