The formalization of MSMEs is an important step toward bringing the sector into the mainstream of modern social and economic development.
MSMEs exhibit a high rate of informality, which prevents them from accessing a wide range of economic benefits, including business development support services and financing, which are vital to their growth and development.
The process of enabling an increasing number of MSMEs to be brought into the formal business environment is therefore critical to unlocking the dynamic energies of operators within the sector and building a platform for inclusive economic growth.
The UCC BDCI Legal Bloom is a suite of end-to-end solutions that will help MSMEs transition into the formal sector, which makes them eligible to access a range of benefits and services. Our solutions also features services such as intellectual property registration and management that are critical to business growth and sustainability.
Who is Legal Bloom for?
Our Legal Bloom services cater to entrepreneurs and small business operators who struggle with the administrative process required to get formalized, either because they do not have the knowledge and training required, or they simply cannot afford to hire an attorney to assist them in registering or incorporating their businesses.
In cases where the MSMEs can even afford to hire a legal professional it may make economic sense for them to outsource the administrative functions and reduce their expenses, as well as avoid the opportunity cost. Outsourcing these administrative function means small business operators can focus in-house resources on core business activities without having to worry about legal issues such as compliance.
Is Your Business Ready?
There are several critical steps to formalization such as obtaining proper financials and other records and having an established business structure in place.
Our Legal Bloom Programme involves a complimentary business assessment process to pinpoint current needs and to match solutions. At the end of the process you will have a better understanding of where your business is at structurally and financially.
We will then work with you to establish and execute the steps you will need to take to become ready and to make the process of registration and compliance smoother and hassle free.
Service Request Form
Complete the Service Request Form below to claim your free assessment to get started.