5 Reasons why small and medium enterprise (SME) should Hire StarBPO in-house legal services to Oversee its Corporate Governance & Legal Compliance requirements

For any business concern, profit is one of the key motivations for its sustenance and long term growth. However, in order to achieve the profit target, SMEs must pay attention to “Legal & Compliance” to minimize risks and reduce unnecessary litigation costs and non-compliance penalties.

Laws such as company registration, corporate governance, manufacture and circulation of products, provision of service, employer-employee relationship, partnership, purchase and sale agreements do have an impact on a business operational as well as its business activities. In order to ensure:

• transparency, fairness, and accountability in the internal relationship (among the owner/members /shareholders of the enterprise and between those people with the managers/directors or with employees), as well as
• compliance with the laws and regulations while entering into the relationship with customers,

for the purpose of maximizing profits and achieving a sustainable development, SMEs are better protected if they opt for In-House Legal & Compliance Support Services because of its:-

cost-effective solutions

One of the primary advantages of an in-house legal and Compliance support is its cost-effectiveness.  SMEs often require legal & compliance advice to avoid unnecessary litigation costs and non-compliance penalties. As the frequency and nature of such services varies from business to business, hiring a full time legal team or engaging an external law firm can be a costly affair. With StarBPO Legal Retainer Services, you can be assured of access to our legal and Compliance Services team at an affordable fee.

Flexible and accessible

The legal landscape is vigorous and requires SMEs to be quick in their response. Our legal team provides SMEs with flexibility to access our legal & compliance support services as and when needed. Whether it’s drafting contracts, handling disputes, or ensuring regulatory compliance, having the best In-House Legal Support ensures that you have a legal expert on hand, ready to assist you with challenges that could hit your business.

 Proactive legal & compliance support

A significant benefit of in-house legal service is the proactive support it offers. Rather than waiting for legal issues to arise, a retainer allows your business to take a proactive approach, identifying potential legal and compliance challenges before they turn litigious, non-compliant. Our in-house legal team will involve regular check-ins and reviews, to ensure your business stays ahead of any legal or non-compliance snag.Long term relationship

By engaging our in-house legal team SMEs are assured of working with the same team over an extended period for an affordable retainer. This fosters a strong and mutually beneficial relationship between your business and StarBPO legal team, which in turn leads to better understanding of the business and advice tailored to suit the business. We will take the time to understand your business goals, challenges and provide you with appropriate legal advice and compliance support to protect your commercial interest.

Timely support for effective business decisions

Internal disputes between businesses and employees, partners, or customers are common. Having support from our in-house legal team assures SMEs with expert legal advice on corporate governance, compliance and practical solutions relating to legal issues, labor disputes, commercial disputes, if any. Using our StarBPO legal services is a time-saving solution to settle any legal issues, which also limits the occurrence of serious disputes having negative effects on the image and business reputation.