Rahman Consultancy Firm helps startups navigate the complex legal landscape of Bangladesh. These firms provide comprehensive legal guidance, ensuring that startups operate within the legal framework, mitigate risks, and focus on their growth. Below is a detailed description of the key services offered by legal consulting firms to startup businesses in Bangladesh.

1. Business Formation & Registration

Setting up a startup requires proper legal structuring. Legal consultants assist in:

• • Entity Selection: Advising on the most suitable business structure (Sole Proprietorship, Partnership, Private Limited Company, etc.).
  • Company Registration: Assisting with registration under the Registrar of Joint Stock Companies and Firms (RJSC).
  • Trade License Acquisition: Helping obtain trade licenses from local municipal authorities.
  • VAT & Tax Registration: Registering for VAT (Value Added Tax) and obtaining Tax Identification Number (TIN) from the National Board of Revenue (NBR).
  • BOI (Board of Investment) Registration: If foreign investment is involved, legal advisors facilitate the registration process.

2. Corporate Compliance & Governance

Once a startup is registered, it must comply with various corporate regulations, including:

• • Drafting Memorandum & Articles of Association (MoA & AoA) to define company objectives and governance structure.
  • Annual Filings with RJSC, such as annual returns, director appointments, and financial reports.
  • Maintaining Statutory Registers, including shareholder and director records.
  • Corporate Restructuring & Share Transfers, ensuring smooth operational transitions.

3. Contract Drafting & Legal Documentation

Legal consulting firms help draft and review essential business documents, including:

• • Founder Agreements outlining equity distribution, responsibilities, and exit strategies.
  • Shareholders Agreements to manage rights and obligations of stakeholders.
  • Employment Contracts ensuring compliance with labor laws.
  • Non-Disclosure Agreements (NDAs) to protect intellectual property and business secrets.
  • Service Agreements between the startup and third parties, such as vendors or contractors.

4. Intellectual Property (IP) Protection

Startups often create innovative products or services, making IP protection crucial. Legal consultants assist with:

• • Trademark Registration to protect brand names and logos with the Department of Patents, Designs, and Trademarks (DPDT).
  • Patent Registration for unique inventions or processes.
  • Copyright Registration for creative works such as software, designs, and literary content.
  • IP Licensing & Transfer Agreements to monetize intellectual property safely.

5. Employment & Labor Law Compliance

Legal consultants help startups comply with Bangladesh’s labor laws, including:

• • Drafting Employee Contracts & Offer Letters ensuring compliance with Bangladesh Labour Act, 2006.
  • Workplace Policies & HR Compliance, including workplace safety and anti-harassment policies.
  • Advising on Employee Benefits & Termination Procedures, ensuring lawful employment practices.
  • Handling Disputes & Employee Grievances, including labor court representation if needed.

6. Taxation & Financial Compliance

Startups need legal guidance in managing taxes and financial regulations. Legal firms assist in:

• • Corporate Tax Planning to optimize tax liabilities.
  • VAT Registration & Compliance ensuring adherence to the VAT Act 2012.
  • Filing Annual Tax Returns & Financial Reports with NBR.
  • Handling Tax Disputes with tax authorities.
  • Advising on Investment & Funding Structures to ensure tax efficiency.

7. Foreign Investment & Business Expansion

For startups seeking foreign investment or expansion, legal advisors provide:

• • Facilitating Foreign Direct Investment (FDI) compliance with Bangladesh Investment Development Authority (BIDA).
  • Advising on Repatriation of Profits under Bangladesh Bank regulations.
  • Drafting Joint Venture & Partnership Agreements with international investors.
  • Ensuring Compliance with International Trade Laws for startups involved in import/export.

8. Fundraising & Investor Relations

Startups often seek funding from investors or venture capitalists. Legal consultants assist with:

• • Due Diligence for Investors, ensuring compliance before fundraising.
  • Drafting Investment Agreements, including SAFE Notes and Convertible Notes.
  • Term Sheet Negotiation between startups and investors.
  • Regulatory Compliance for Fundraising, including Securities and Exchange Commission (SEC) guidelines.

9. Dispute Resolution & Litigation

Legal disputes can arise in any business, and startups need expert legal representation. Services include:

• • Alternative Dispute Resolution (ADR), such as mediation and arbitration.
  • Litigation Support for commercial disputes, contract breaches, or labor issues.
  • Debt Recovery Services through legal channels.
  • Consumer Protection & Regulatory Compliance for businesses dealing with customers.

10. Business Closure & Exit Strategies

If a startup decides to close operations or undergoes a merger/acquisition, legal consultants assist with:

• • Winding Up & Liquidation Procedures under the Companies Act 1994.
  • Deregistration from RJSC & Other Authorities to legally dissolve the business.
  • Asset & Liability Settlement, ensuring a smooth exit.
  • Mergers & Acquisitions (M&A) Legal Support, including due diligence and contract negotiations.

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