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Starting a coworking space can be one of the brilliant ideas for a business. There is a high demand for coworking spaces due to various different reasons. One of the biggest reason is an increasing number of startups with limited budget and a small team.
Such small businesses look for comprehensive office spaces that have everything from best internet connectivity to impressive interior. And, that is why there are a lot of companies have already started services as coworking spaces. However, if you are planning to start the same business you need to understand this business is not all perks and goodies. There are so many complex things that one needs to solve and go through before they successfully enter the market. One of those essential steps to start a coworking space is the legal requirements.
Here are the Basic Legal Requirements to Start a Coworking Space:
Before you even start just make sure you are aware of all kinds of real state laws in your city. Real state laws differ in every city and especially in the cities where they have different zones for residential and business complexes. However, there are some common rules in almost every city in India, which includes: Legal Title, Sanctioned Plan, Commercial Property, Licenses, The Lease, and Sub Lease / Licensing Agreement.
This one you might already be aware of, you need your business to be properly registered along with all the legal formality. It is one of the most important formalities to take care of before you even think about getting a place for coworking space. According to their nature, each business has a specific compliance that the owners needs to aware of and comply with. The most essential laws include: Business Registration, Employment and Labour Contracts, Tax Registration, and in some cases Practice Licenses.
If you are completely new in the field keep this in mind that one of the most crucial thing about creating a coworking space or a business complex is to take care of all building safety rules. These rules are made to assure everyone’s safety who will be working or visiting in the building. Such kind of rules include: Risk Prevention, General Safety Norms, Fire Safety Regulations etc.
Thus, building safety should be on the top of your list when you plan your co-working space. The local and state government treat this very seriously and so do you. It is very important that the place has good and open infrastructure to prevent suffocation in the office. Similarly, always assure that the place is ready to face any hazardous situation like sudden fire. Meaning you should have multiple fire exits, working fire extinguishers, alarms, an auxiliary lighting system, and other safety equipment.
We suggest that you carefully find and go through each and every rule imposed by the law enforcement. While you are at it, make sure to keep a close eye on the layout of rooms and the materials used for constructing or renovating your coworking space. As these things should be all risk preventing, be it fire hazard or the ever-changing weather.
Along with the basic safety norms, it is also important to have the place insured for any unfortunate events.
Just as safety rules, second another most important thing to take care of is the sanitization at your place. You would not want anybody to get sick and blame it on your unclean office space. Even our govt. pay special attention to the sanitization and cleanliness of the office complexes. I mean it is not news for you that with unsanitized space, utensils, and washrooms come a hell lot of diseases. However, you might not know that there are regulations to keep your office complexes properly clean and sanitized. The govt. agents can come any time to audit your space and if it is not up to the mark they can even give you a notice.
Similarly, for your business’s growth, you need to keep this clean and sanitized place comfortable as well. Meaning you got to choose the right chairs, desks, and PCs for workers. Also, you need to take care of the other business rules that come with computers. For instance, if you install self-service desktop PCs, don’t forget to comply with regulations. Each PC should have licenced Windows and all the other software that are being used in the office should be licenced.
