Every business operates in a regulated environment wherein they are bound to comply with the provisions of law as may apply to them. Adhering to the local laws & timely compliance with regulatory requirements is the key to surviving in an already competitive environment. Undue delays in complying with regulatory requirements can lead to a lot of unnecessary hassle, which at times has such huge financial implications to the extent that it can result in closure of your business. Therefore, businesses must always be mindful of this and proceed accordingly.

Further sometimes due to unforeseen circumstances, you might find yourself in a legal battle with any of the stake holders involved in your business. You should never be taken by surprise in such a challenging situation & always be well prepared to face them.