Starting a business can be daunting.
Your mind is running in a thousand different directions and you don’t know where to start and where to let go. Don’t panic, we are here to help!
One of the first things you really should focus on is formalising the relationship between you and your business partners, co-founders, funders and/or equity partners.
Consider the following:
Who will run the show? How will the parties put matters to a vote?
How will the shares divvied up?
Where will the funds come from?
What will the rights and responsibilities be of each party?
What happens if a shareholder or business partner decides to leave? Will they keep their piece of the pie?
Will each shareholder be employed by the company? Will some only be ‘silent’ partners?
Who owns the intellectual property created?
These are just some of the aspects we can assist with.
We advise entrepreneurs how to appropriately approach these questions, give them the tools and knowledge to make the best decisions and ultimately assist in drafting the agreements that ensures their business is built on solid fundamentals.