Starting a business can be exciting; but tech startups also come with many challenges, especially in the early stages. Most business owners will have questions regarding raising funds, setting up their business on Companies HouseCompanies House: an England and Wales executive agency and t..., and understanding the legal documentation required to start their business. Using an experienced startup solicitor is essential for making the process as smooth as possible.
Speaking to a solicitor or legal adviser to obtain both legal and financial advice is essential to help you understand your legal obligations as an entrepreneur.
A South Bank Legal, we have the experience and expertise to assist your startup business in the initial stages and as the business grows.
Our Startup Solicitors
Our startup lawyers advise a range of venture-capital, technology and Fintech startups on the spectrum of legal issues commonly encountered by entrepreneurs in these fields.
Our Fintech startup solicitors are technology savvy and deliver services in a cost effective manner, tailored to the budget of a young business and leaving you free to focus on product and business development.
Our corporate, commercial and technology startup solicitors offer specialist legal advice and services, focusing on key issues such as:
- Advising on the best legal vehicle to conduct the business, be it a limited company, limited liability partnership, or alternative structure. We will provide advice on the type of structure that best suits your business. We can also help you to register your business on Companies HouseCompanies House: an England and Wales executive agency and t... and prepare any other necessary incorporation documents.
- Ensuring that, where there is more than one individual founder of the startup, the founders have an agreement between themselves – very often a shareholders’ agreement – that regulates and governs their relationship. We can help to clarify and document the relationship between co- founders to ensure the day to day running of the business is problem free and minimise the risk of disputes between founders.
- The security and protection of the intellectual property rights embodied in the product itself. For example, who authored the software and owns the copyright and other IP rights in it? Will those rights be in turn licensed to the business vehicle under a formal written agreement? How are intellectual property rights and trade secrets protected in conversations with potential investors and customers? We can help to formalise these agreements by assisting on the drafting of contracts in relation to the same.
- Website compliance; ensuring that websites and any online trading activities comply with applicable commerce and data protection legislation.
- Regulating the rights of their engaged to work for the startup. Whether workers are employees or consultants, it is best to document those rights to protect the business.
- HR and employment – Our solicitors can also advise on employment law matters such as HR policies, employment contracts, and employee disputes.
- Supply contracts – Our commercial law solicitors can assist by reviewing and drafting your terms and conditions within contracts for the supply of goods and services.
- Premises – When setting up a business, you will need appropriate premises from which you will operate your company. A commercial property solicitor will be required to help you understand your obligations under a lease, and to ensure covenants within the lease do not prevent you from operating your business. A solicitor can also help you to understand specific clauses, such as a break clause within a lease.
- Regulatory compliance – In some markets, you will require specific licences to operate. We can ensure you have the appropriate licences and permissions in place to operate your business in a compliant manner.
Once the legal framework of your business has been constructed you may have medium and longer term goals in mind, such as building additional revenue streams through commercially exploiting your product rights or securing investment and funding. Our Fintech startup solicitors know the sorts of questions that potential investors ask and what their lawyers look out for. We are confident that our forward-thinking guidance will help you realise your business goals.
Startup Solicitors Costs
The cost of a startup solicitor will depend on the advice or legal services required. Our services are delivered in a cost effective manner. In some instances, we will charge a fixed fee for our assistance; in others, we may work on an hourly rate.
Why choose South Bank Legal?
Setting up a tech or fintechFintech: the modern financial services technology sector. business is a life changing experience. Speaking to a specialist start up law firm should be a priority to ensure you understand the implications that go along with setting up and running your business.
South Bank Legal have a team of highly experienced corporate law solicitors who have assisted in the set up of many technology startups. We understand the importance of getting everything right in the initial stages to ensure the smooth running of a business in the future.
Whether you are a small business, or large company, we will provide commercially driven advice to help you achieve high growth levels for your business.
At South Bank Legal, our legal team have experience in all areas of law. We work closely with our clients and provide the legal services that they need to reach the best conclusion for their case.
Get in touch today
For more information, you can contact South Bank Legal via email at email@example.com or telephone 0203 1266 584 for a confidential discussion with a dispute resolution solicitor today.