Thinking of shutting down my first startup because I can't keep up with the legal and compliance burden. I need help.
I'm a solo founder and engineering student.
About 6 months ago, I started building an Indian platform for creators to sell digital products, courses, memberships, and other digital content. Think of it as a creator marketplace focused on India.
The platform isn't huge, but it's real.
- 1,500+ users
- 850+ creators
- More than ₹2.2 lakh earned by creators through the platform
I'm proud of what I built.
The coding wasn't actually the difficult part.
The difficult part has been everything outside of software.
Every time I think I'm done, I discover another legal or compliance requirement.
- Company law
- GST
- Marketplace regulations
- Privacy policies
- Terms of Service
- Consumer protection
- Payment compliance
- Tax responsibilities
- Data protection
I even registered the company as a Private Limited because I thought that was the "right" thing to do. Looking back, it feels like I signed myself up for a never-ending list of obligations.
I don't mind working hard.
What I do mind is constantly feeling like I've missed some regulation that could come back to hurt me later.
I'm not afraid of writing code.
I'm afraid of unknowingly breaking a law because I couldn't afford a lawyer to review everything.
I'm genuinely considering shutting the company down, paying everyone what's owed, and moving on to building simpler SaaS products that don't involve handling creator payouts or operating a marketplace.
For founders who've built marketplaces, fintech products, or anything compliance-heavy:
- Did you ever feel this way?
- How did you deal with the legal side?
- Did you hire lawyers early, or were you just figuring it out as you went?
- If you were in my position, would you keep going or pivot to something with less regulatory overhead?
I'm looking for honest advice, especially from people who've actually been through this.