2

TECHNOLOGY IS

TRANSFORMING THE FORMATIONS AND OPERATIONS

OF ENTERPRISES BY PROVIDING

TOOLS AND SYSTEMS THAT

AUTOMATE MANY OF THE

ADMINISTRATIVE

AND LEGAL PROCEDURES ASSOCIATED

WITH LAUNCHING A BUSINESS .

. Intellectual property protection

Keeping a company ’ s ideas and brand secure depends on protecting its intellectual property ( IP ). Entrepreneurs ought to prioritise :

• Registering trademarks for company names , logos and taglines

• Patents covering innovations and exclusive technology

• Copyrights for software and textual works that are original

• The protection of trade secrets for private company data

3 . Adherence to employment laws

Compliance with employment rules is crucial for companies that employ people . Vital things to know include :

• Creating thorough employment contracts and handbooks

• Being aware of wage and hour regulations to guarantee just remuneration

• Putting in place rules at work to stop harassment and discrimination

• Adhering to health and safety protocols

Leveraging technology for building your businesses

Technology is transforming the formations and operations of enterprises by providing tools and systems that automate many of the administrative and legal procedures associated with launching a business .

Establishing internal initiatives

After establishing the legal aspect , you will start setting up internal HR systems , accounting , processing salaries and communication channels , among other things . Let ’ s dive into how existing technology already helps in these areas :

• Internal HR Systems : payroll , benefits administration , compliance monitoring and onboarding can all be automated with current HR software

• Project management tools : Asana and Slack are two examples of apps that make teamwork and project management easier

• Accounting software : financial reporting , invoicing and bookkeeping are made easier by programs like Xero and QuickBooks

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Intelligent SME . tech