5 COMMON LEGAL MISTAKES START-UPS MAKE – AND HOW TO AVOID THEM
GETTING YOUR START-UP off the ground will be one of the hardest things you ever do. All the lingo about being nimble, agile and lean certainly holds water, but when executed too casually, could scupper your venture by creating unintended legal loopholes that come back to bite you many months, or years later. To equip your start-up for the unforgiving world of business, let’s explore five common legal mistakes start-ups tend to make when launching their business. To download the PDF article, click here . NAIL DOWN YOUR FOUNDING DOCUMENTS As early as possible, you need to secure all founding documents and agreements to govern the relationship between the company and its shareholders and directors. The most important of these documents are the Shareholders Agreement and Memorandum of Incorporation. When your start-up is making the big moola — which we all hope it does — issues between shareholders become very real. Ensuring that you have the right mechanisms in place to s...