How to transform my business to e-business

Most of the businesses in the world are in the mode of transformation and exciting enough to elevate themselves to e-world, E-Technology. IT has played a pivotal role in the transformation of the businesses and proved it’s iron. Believe us, having one legally is not rocket science, once understood it as simple as a click of a mouse. Here again, lets us drawn an easy formula for you.

Business + Legal + Compliances+ E-Technology = E-commerce

Technically, in order to run the business online, what is more, important is to have a strong web presence, brilliant presentation of your business ideas which is facilitated by a good website and application with a reliable payment portal. Marketing prowess is required to sell your business ideas, services and products. In this process, it is not only the marketing of the goods and services is involved, but the Google ranking of the website and/or application also matters a lot. In order to leave your strong imprints in this vast online market, strong SEO (search engine optimization) with intelligent and relevant keywords of your website and application is required. All this is very fascinating as you are creating your own market and attracting the customers to your website and/or application.

And legally, all businesses require licenses or statutory compliances, whether you sell online or from a brick-and-mortar storefront. In the present scenario of online businesses, the law has also evolved accordingly and operating a business without the proper licenses attracts heavy fines and penalties and even ends up the closure of businesses as well. No doubt, online business has opened the vast market for both the important actors like sellers and purchasers, but at the same time, both have also become vulnerable to the grey areas of online business operations like data insecurity, breach of privacy, lack of confidentiality, unnecessary liabilities regarding merchandise in case your website is only a platform for the showcase of the goods produced by the other companies.
In order to be ready for such kind of bouncers, you should be legally equipped. At the very outset, your website and application should have well-drafted terms and conditions of use and privacy policy. Terms and conditions lay down the foundation and steps to be followed for each business transaction. Privacy policy, on the other hand, ensures the confidentiality of the data of the visitors and registered users of your website. In order to evade unnecessary liabilities, there should be clear and well-spoken disclaimers.

Terms and conditions also lays down certain conditions to which the registered users and/or visitors to your website or application should agree before undertaking any transaction. This culminated in e-contracts. E-commerce and E-contracts are fancy words, but their legal implications are really very big. Through online business, you register your online presence but at the same time, the mind-boggling question of jurisdiction arises. In simple words, in case any default arises, the Law of which country has a jurisdiction to adjudicate the matter. So where, when and how the e-contract has entered is also a matter to be addressed by law?

Now, another technical aspect is that certain third party links may appear on your website. In case, any registered user or visitors clicked on the third party links through your website and visit that third party website, then your website should have a strong disclaimer that the user can visit or rely on the content of these off-site or third-party links at their own risk. In case of absence of such disclaimers, you can be exposed to unnecessary liabilities.

So from the inception, development and execution of your online business, the presence of law and legal compliance is strongly felt.