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Legalitis excels in providing valuable insights and solutions, upholding the highest standards of perfection and reliability. Our offerings encompass:

1. Legal Framework: Providing comprehensive understanding and guidance within the legal framework to ensure compliance and risk mitigation.

2. Mentoring Overall Track: Nurturing and guiding businesses through their entire journey, offering holistic support and expertise.

3. Guidance for 'Fund Raising' Actions: Assisting in strategic fundraising efforts, offering insights and strategies to secure necessary capital.

4. Business Planning & Validation: Crafting effective business plans and validating them through meticulous analysis to enhance success prospects.

5. Company Incorporation: Expertly handling the process of company incorporation, streamlining administrative procedures.

6. Financial Modelling and Cost Accounting Services: Creating robust financial models and providing meticulous cost accounting services to bolster financial efficiency.

7. Delivering Business License & Permits: Ensuring smooth acquisition of necessary licenses and permits, simplifying regulatory compliance.

8. Tax & Compliance Management: Efficiently managing tax obligations and regulatory compliance, minimizing risks and ensuring adherence to laws.

9. CA Disciplinary Process: Assisting and guiding clients through Chartered Accountant disciplinary processes when needed.

10. Regulating Conflicts of Interest: Providing strategies and guidance to manage and navigate conflicts of interest effectively.

11. Dealing with Partnership Problems (Financial): Offering solutions and advice to address financial issues within partnerships.

12. Practicing Management Issues: Assisting in managing various management-related challenges that businesses might face.

Package Details:

• Committed 20-minute call with Professional Experts.
• Access to the full spectrum of compliance services offered by Legalitis.
• Guided direction towards the most appropriate course of action tailored to your needs.

At Legalitis, we are dedicated to delivering comprehensive and tailored solutions that propel businesses towards growth and success.

Advisory Plan for Financial Management

Legalitis's Perspective on Risk Management and Strategic Advisory

In the contemporary business landscape, the onus of risk management transcends individual functions; it rests upon the entire organization. Instances of recent corporate governance failures and fraudulent activities underscore the critical importance of accountability, clarity, and strategic processes.

The escalating demands of compliance and the vigilant oversight of regulators and stakeholders have mandated that companies not only adhere to existing norms but also proactively showcase well-structured futuristic business plans underpinned by robust accountability measures. Failure to adapt to evolving business dynamics and emerging threats can have dire consequences for a company's reputation and survival.

Given the current crisis, the scope of internal audit has evolved beyond its conventional role of financial and compliance evaluation. It has expanded into a strategic function that gauges evolving risks and strives to navigate the contours of uncertainty.

At Legalitis, we are committed to unlocking the full potential of our clients by:

1. Assessing Operations and Ensuring Compliance: Enabling our clients to govern their operations in alignment with statutory directives, thus mitigating compliance risks.

2. Advising Practice Improvement: Offering strategic insights to enhance operational efficiency, minimize dismissals, and optimize operational costs.

3. Streamlining Business Processes: Aligning business processes with industry-leading practices, transitioning organizations into process-driven entities rather than being solely reliant on individuals.

4. Advancing and Testing Internal Monetary Controls: Developing and rigorously testing comprehensive internal monetary controls that serve as safeguards against material misstatements and fraudulent activities.

5. Providing a Holistic Financial Outlook: Offering a comprehensive view of both current and prospective financial scenarios, accompanied by a meticulous analysis of working capital requirements.

6. Optimizing Cash Securities: Guiding businesses in implementing the most effective cash security strategies to ensure liquidity and financial stability.

Legalitis Risk Advisory Services:

Legalitis offers a comprehensive range of internal audit services designed to enhance your business operations and mitigate risks. Our areas of expertise include:

1. Internal Financial Control: Implementing robust internal financial controls to ensure accurate financial reporting and compliance with regulations.

2. Standard Operating Processes: Streamlining and optimizing your standard operating processes to improve efficiency and minimize operational risks.

3. Forensic Investigations: Conducting thorough forensic investigations to uncover any irregularities, fraud, or misconduct within your organization.

4. Start-Up Sustainability: Providing strategic guidance to startups to ensure their long-term sustainability and growth in a competitive landscape.

5. Sourcing Strategies: Developing effective sourcing strategies to optimize your supply chain, reduce costs, and enhance overall efficiency.

6. Business Restructuring Solutions: Offering tailored solutions for businesses undergoing restructuring, ensuring a smooth transition and sustained profitability.

Impact of COVID-19 on Indian Companies

The global COVID-19 pandemic has cast a significant impact on businesses across the world, including India. Many Indian companies have swiftly transitioned to remote work arrangements through video conferencing. While these measures are being taken to support the safety of employees, the persistent spread of the virus could lead to prolonged work-from-home scenarios or even temporary business closures.

In this challenging context, it's crucial, especially for Small and Medium-sized Enterprises (SMEs), to swiftly implement Financial Crisis Policies for immediate survival and long-term profitability.

Entrepreneurs must adapt and strategize proactively. This situation is not unique to any single entity, but rather a shared challenge that calls for a collective understanding of its implications. It's imperative to assess the situation with utmost accuracy.

Key Strategies for Business Resilience:

1. Formulate a dedicated team to evaluate market conditions and financial health.
2. Prioritize short-term projects to mitigate risks and manage uncertainties.
3. Reevaluate sales models with a sense of urgency.
4. Implement cash management measures for expedited recovery.
5. Temporarily suspend non-essential expenditures.
6. Engage in negotiation to mitigate financial burdens.
7. Communicate with lenders and bankers for deferred payments.
8. Safeguard assets and adopt a preservation strategy.
9. Explore new business avenues aligned with current circumstances.

Legalitis professionals possess the expertise required to guide businesses through these challenges, ensuring not only their survival but also their resilience in the face of uncertainties. We stand ready to assist you in navigating the complexities and risks that can impact your business's continuity and success.