The Start Up Guide
This guide provides advice on the best way for you to set up your technology business, allowing entrepreneurship to flourish. The guidance will give you access to the legal tools you will need to secure the core foundations of your business, as illustrated by the sections below:
- Setting up and ensuring proper governance for your company
The first section of this guide will help you to operate your company in full compliance, providing good governance, security, growth and success. Assistance is provided in relation to naming the company, including any relevant restrictions. Guidance also covers the requirements for setting up a company, with details of the differences between setting up a company and operating as a partnership or trading as an individual. On-going requirements are also covered, such as general formalities (e.g. keeping specific registers) and the duties of the directors.
- Protecting and using your ideas
Section 2 of this guide will help you protect the ideas and the brand that are central to your business, as well as outlining the means by which they can be exploited to their full potential. This includes details of how to prevent other people from stealing your ideas through the use of confidentiality and non-disclosure agreements.
- Finance and taxation
Securing financial backing is important for any growth company. Section 3 of this guide explores these issues, as well as the taxation aspects you need to be aware of, by explaining the two ways of financing a company – equity finance and/or debt finance.
- Human resources
Finding and keeping the right talent is important to the long-term success of your business. Section 4 provides guidance on particular formalities that must be complied with when taking on employees, the methods for motivating these employees such as share schemes and the suggested approach in case things don’t work out and dismissals may be required.
- Contracts with customers and suppliers
Section 5 of this guide will help you draft the clear and robust contracts that are necessary when working with customers, suppliers and other relevant parties. Such contracts will ensure that potential risks are mitigated and provide a more certain operating environment. In addition, specific protections may be used for protecting original ideas, through the use of intellectual property clauses.
- Dispute resolution
Section 6 of this guide will explain the different forms of dispute resolution available to you, and what each involves. It will also provide practical tips on managing the dispute resolution process.
- M&A and antitrust
Section 7 of this guide will help you understand the basics of mergers and acquisitions, including details on share sales and asset sales, and what a normal share or asset purchase agreement might cover, to enable you to manage your business. Further, this guide will give you the knowledge to
understand the basics of competition law and how this might be relevant to your business.
- Technology, privacy of data, and securing the data of your employees, customers and suppliers
Section 8 of this guide will cover the basics of technology law and good practice that should be considered. This includes information on data protection legislation, an area that will become increasingly important as the potential sanctions for data breaches are set to rise under new legislation.
- Your business premises and leases
To run a successful business, you may need a space in which to do so. Section 9 of this guide explains how you go about obtaining business premises on secure and reasonable terms.
This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.