In order to operate business activities in any business sector, it is required to establish a business establishment, for e.g., sole proprietorship, partnership, branch office or a limited liability company. Once the establishment is formed/incorporated certain laws and regulations becomes applicable on the establishment which regulates it. The regulatory laws are often formed by the regulatory authorities which implicates certain regulatory compliances on the establishments. The regulatory compliances are generally set by the authority which provides the incorporation/permission to the establishments, for e.g., the regulatory authority for limited lability companies and partnership firms is Registrar of Joint Stock Companies And Firms (RJSC) and the regulatory authority for branch office is Bangladesh Investment Development Authority (BIDA).