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FAQ'S

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Some FAQ’s

  • At what stage should a startup engage a legal and compliance advisor?
    Ideally, startups should engage a legal and compliance advisor at the ideation or incorporation stage. Early structuring helps avoid future regulatory, tax, and governance issues, and ensures investor readiness.
  • Which business structure is best for a startup in India?

    The choice depends on business goals:

    • Proprietorship – suitable for very small businesses
    • LLP – flexible, lower compliance, suitable for professional services
    • Private Limited Company – preferred for fundraising, scalability, and investor entry We assess your business model and growth plans before recommending a structure.
  • Do you assist with startup incorporation and registrations?

    Yes. We provide end-to-end incorporation services, including:

    • Company / LLP incorporation
    • PAN, TAN, GST registrations
    • Shops & Establishment registration
    • EPFO and ESIC registrations (where applicable)
    • Startup India registration
  • Can you help with founders’ agreements and equity structuring?

    Yes. We draft and advise on:

    • Founders’ agreements
    • Shareholders’ agreements
    • Equity allocation and vesting
    • ESOP frameworks
    • Governance and decision-making rights
  • Do startups need labour law and payroll compliance from day one?

    Yes. Once employees are hired, startups must comply with labour laws, payroll, and social security regulations. We provide hire-to-fire advisory, payroll setup, and HR documentation support.

  • Can you support startups during fundraising and due diligence?

    Absolutely. We assist with:

    • Legal and compliance due diligence
    • FEMA and RBI compliance for foreign investment
    • Regulatory documentation for investors
    • Rectification of compliance gaps before fundraising
  • Do you provide contract drafting and negotiation support?

    Yes. We draft and review:

    • NDAs
    • Customer and vendor agreements
    • Partnership and collaboration agreements
    • SaaS, licensing, and service contracts

    We ensure contracts are commercially balanced and legally enforceable.

  • How do you help startups stay compliant on an ongoing basis?

    We offer:

    • Compliance calendars and reminders
    • MCA / LLP filings
    • Payroll and labour compliance
    • Regulatory monitoring and advisory
    • Periodic compliance health checks

    We ensure contracts are commercially balanced and legally enforceable.

  • Do you advise on startup expansion and restructuring?

    Yes. We support:

    • Business restructuring and re-organisation
    • Cross-border expansion
    • Mergers and acquisitions
    • Investor and founder exits
  • Can you assist with closure or strike-off of a startup?

    Yes. We provide end-to-end support for:

    • Voluntary strike-off
    • Entity closure and deregistration
    • Final statutory and tax compliances
  • Do you work with early-stage and bootstrapped startups?

    Yes. We work with early-stage, bootstrapped, and growth-stage startups, offering scalable and cost-effective advisory models.

  • Is your advisory suitable for startups planning global expansion?

    Yes. We provide India and cross-border advisory, including entity setup, compliance coordination, and governance support for international operations.

  • How do startups engage SALC Advisors LLP?

    You can contact us via email or through the website. Engagements typically begin with an initial assessment call followed by a tailored advisory plan.

  • Are your payroll services aligned with the New Labour Codes?

    Yes. Our payroll framework is designed in alignment with the Code on Wages, Social Security Code, Industrial Relations Code, and OSH Code, and is future-ready for full enforcement.

  • How do you handle the new definition of “wages”?

    We structure salaries to comply with the statutory wage definition, including the requirement that allowances do not exceed prescribed limits, ensuring PF, gratuity, and bonus compliance.

  • Do you manage EPF and ESIC under the Social Security Code?

    Yes. We manage EPF, EPS, ESIC, gratuity, and social security compliance, including coverage assessment for contractual and non-traditional workers.

  • Can you support contract labour and vendor workforce payroll?

    Yes. We provide compliance support for principal employers, contractors, and manpower vendors in line with the OSH Code and Social Security Code.

  • Do you handle retrenchment and termination compliance?

    Yes. We advise on notice, compensation, final settlement, and documentation under the Industrial Relations Code, 2020.

  • Will you support inspections under the new digital framework?

    Yes. We support digital inspections, online notices, registers, and authority interactions as contemplated under the new labour codes.

  • Can you audit our payroll for labour-code readiness?

    Absolutely. We conduct Labour Code Readiness Audits, identify gaps, and implement corrective measures.

  • How do you handle gig and platform workers?

    We assist in classification, social security contribution assessment, and compliance planning as envisaged under the Social Security Code.

  • Is your payroll service suitable for MNCs and GCCs?

    Yes. Our services are structured for MNCs, GCCs, startups, and regulated organisations, with audit-ready documentation and global reporting alignment.

  • Do you provide hire-to-fire ownership?

    Yes. We offer complete ownership of payroll and compliance from onboarding to exit, including post-exit regulatory support.

  • What is global entity management?

    Global entity management involves centralised oversight, governance, and compliance management of legal entities operating across multiple jurisdictions. It ensures each entity complies with local laws while aligning with group-level governance standards.

  • Which types of entities do you manage globally?

    We support:

    • Holding companies and subsidiaries
    • Joint ventures and associate entities
    • Branch and liaison offices
    • LLPs and private/public companies
    • PE/VC portfolio entities
  • Do you support both India and overseas jurisdictions?

    Yes. We provide end-to-end entity and compliance management for entities in India and multiple overseas jurisdictions, working directly or in coordination with trusted local advisors.

  • Can you assist with entity incorporation and market entry?

    Yes. We assist with:

    • Jurisdiction and structure selection
    • Incorporation and registrations
    • Bank account setup support
    • Regulatory approvals and licences
    • FEMA / ODI / FDI compliance (for India-linked entities)
  • How do you manage ongoing compliance across countries?

    We use:

    • Entity-specific and group-wide compliance calendars
    • Centralised documentation and tracking
    • Regular coordination with local advisors
    • Periodic compliance reviews and audits
    • This ensures timely filings and risk visibility across jurisdictions.
  • Do you provide board and governance support?

    Yes. We support:

    • Board and committee structuring
    • Appointment and compliance of directors and officers
    • Drafting of governance charters, policies, and resolutions
    • Maintenance of statutory registers and records
  • Can you handle FEMA, RBI, and cross-border reporting for India?

    Yes. We provide advisory and filing support for:

    • FDI and ODI reporting
    • FC-GPR, FC-TRS, ECB filings
    • RBI and FEMA compliance coordination
  • Do you integrate payroll and workforce compliance with entity management?

    Yes. We align entity governance with payroll, labour law, and workforce compliance, including cross-border employee movement and social security coordination.

  • Can you support mergers, restructuring, and group reorganisations?

    Yes. We assist with:

    • Corporate restructuring and reorganisations
    • Mergers, demergers, and amalgamations
    • Share transfers and capital changes
    • Governance and compliance alignment during transitions
  • Do you conduct compliance audits and health checks?

    Yes. We conduct entity-level and group-level compliance audits, identify gaps, and implement corrective action plans.

  • Can you manage entity closures and exits?

    Yes. We provide end-to-end support for:

    • Strike-off, liquidation, and winding-up (India)
    • Foreign entity deregistration and closure
    • Final regulatory, tax, and compliance filings
  • How do you ensure confidentiality and data security?

    We follow strict confidentiality protocols, restricted access controls, and secure data-handling practices in line with applicable data protection laws.

  • Is your service suitable for startups and growing businesses?

    Yes. Our global entity services are scalable and suitable for startups, SMEs, and large multinational groups.

  • How does a company engage SALC Advisors LLP for global entity management?

    Engagement typically begins with:

    • An initial assessment call
    • Entity and compliance mapping
    • Customised governance and compliance plan