Roxanne Ferdinand

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11 months ago
Contracting with employees can lead to legal issues

Contracting with employees, even with the help of reputed business lawyers in Sri Lanka, can lead to various legal issues if the terms of the contract or the employment relationship do not comply with labour laws or other legal requirements. Here are some common ways this can happen:1. Misclassification of Workers· Issue: Misclassifying employees as independent contractors can lead to legal trouble, as contractors and emplo...

11 months ago
What to Know Before Getting a Gold Loan

A gold loan is a secured loan where individuals borrow money by pledging their gold ornaments or coins as collateral. The lender bank or institution holds the gold until the borrower repays the loan, and if the borrower defaults, the lender can sell the gold to recover the amount.Here is why people typically take gold loans:· Quick and Easy Access to Funds: Gold loans are often processed faster than other loans because they are...

11 months ago
How to keep your cooker clean and well maintained?

There are different types of kitchen cooking appliances we use to make our lives easier, like pressure cookers, rice cookers, gas cookers etc. While buying new ones as soon as the current breaks down is the easier option, it should be remembered that the gas cooker price in Sri Lanka and microwave oven price in Sri Lanka can be quite high. Due to this, it is better to keep your appliances in a clean and well-maintained position.Keeping...

11 months ago
When Is it Time to Get a New Phone?

Deciding when to get a new phone depends on various factors, including your phone's performance, needs, and budget. Even though mobile phone prices in Sri Lanka can be on the high side, sometimes it may be cheaper to buy a new one rather than keep repairing your old phone.Here are some signs it might be time to consider a new one:· Performance Issues: If your phone is slowing down significantly, crashing frequently, or strugglin...

11 months ago
Advantages and disadvantages of being a sole director of a company

According to company secretaries in Sri Lanka, the minimum number of directors required for incorporation of a company in Sri Lanka depends on the type of company, as follows:· For a Private Limited Company: You need at least two directors.· For a Public Limited Company: You need at least three directors.· Sole proprietorships: These companies have only one director, who is the proprietor.There is no specified ma...