Business Dispute: When Should I Hire A Lawyer?

Business Dispute: When Should I Hire A Lawyer?

Tosin Company Law, Entrepreneurship, Founder's Post, Legal Advice, Legal Documents, Small Business, Startup Advice & Tips

When should you hire a lawyer? Hiring a lawyer is not an extravagant expense but a cost saving one. What you should do before hiring your lawyer: Know your needs Would you prefer to go to court or stay courteous? Trust your lawyer Do they take the time to teach you about the legal context of your business? Do they …

FAQ - Seed Enterprise Investment Scheme

FAQ – Seed Enterprise Investment Scheme (SEIS)

Tosin Business Finance, Entrepreneurship, Founder's Post, Legal Advice, Startup Advice & Tips, Startup Funding

What is SEIS? SEIS is designed to help your company raise money when it’s starting to trade. It does this by offering tax reliefs to individual investors who buy new shares in your company. What can you claim? You can receive a maximum of £150,000 through SEIS investments on which your investors can claim relief. An can claim an income …

Business Dispute: How To Negotiate

Business Dispute: How To Negotiate?

Tosin Founder's Post, Legal Advice, Legal Documents, Small Business, Startup Advice & Tips

Negotiation is a part of everyday life, but negotiation is even more important in case of conflict. Dispute brings up concerns about the cost of litigation, loss of reputation and loss of time and energy. In case of a dispute, negotiating might allow you to avoid these costs or, at the very least, mitigate them. What do you need to …

FAQ - Share Transfer Agreement

Share Transfer Agreement – FAQ

Tosin Entrepreneurship, Founder's Post, Legal Advice, Legal Documents, Small Business, Startup Advice & Tips, Uncategorized

Shares can be transferred at any time and you need to know how the situation will be handle. Here are the essential for those seeking legal answers on Share Transfer Agreement. How to Transfer A Share: A transfer of shares, also known as a stock transfer, is the process of changing ownership of shares from one shareholder to another in …

Tag Along Drag Along Rights Explained

Tag Along Drag Along Rights Explained

Tosin Company Law, Founder's Post, Legal Advice, Legal Documents, Small Business, Startup Advice & Tips

There are many different aspects of a Shareholders’ Agreement. This is to explain what Tag Along and Drag Along rights are. What are Tag Along and Drag Along Rights? A tag along provision also called ‘co-sale right’ is a clause that allows minor shareholders to ‘tag along’ with a larger shareholder or group of shareholders if they find a buyer …

The Negotiation Step Your Acquisition Is Missing

The Negotiation Step Your Acquisition Is Missing

Tosin Buying a Business, Founder's Post, Legal Advice, Small Business

Whether you’ve successfully scaled your business and have buyers knocking on your door or you’re looking to acquire a business yourself, you’re likely overlooking a key step in the negotiation process: Heads of Terms. What are Heads of Terms? Also known as Letters of Intent or Memoranda of Understanding, Heads of Terms set out the main points of a deal …

5 Reasons Why Co-founders Fall Out

Linkilaw Founder's Post

A remarkable statistic to throw your way … “65% of high-potential startups fail due to conflict among co-founders” This statement was made by Noam Wessman, Harvard Business School Professor and author of The Founder’s Dilemma who states that co-founders fall out for many reasons, such as money, business strategy, and leadership. A simple solution to this problem is to create …

shareholders agreement

Shareholders Agreement 101: How One Agreement Can Shape Your Business From Day 1 To Exit

Linkilaw Company Law, Founder's Post, Startup Advice & Tips

‘The Only Mistake I Regret,’ Words Uttered From Every Startup Founder That Didn’t Have A Shareholders Agreement A Shareholders Agreement is your number one partner in the creation, management, and termination of your company. We don’t doubt the potential and strength of your company, but – trust us when we say this – things regularly turn nasty. Be prepared! If …

drone technology

The Drone Phenomenon: Innovation vs. Regulation

Alexandra Isenegger Business News, Founder's Post, Internet Technology

Earlier this month, Linkilaw had the pleasure of attending the annual Web Summit held in Dublin. Among the numerous topics presented during the course of the event, there was one which particularly fascinated me – drones. Why? Well, aside from being astonishingly cool, the broad scope of applications that these machines offer is revolutionary. To clarify, a drone is an …

startup legal mistakes

11 Lawyers Take On The Worst Startup Legal Mistakes

Alexandra Isenegger Company Law, Founder's Post, Startup Advice & Tips

Since Linkilaw’s business model is based upon allowing you to choose from multiple solicitor proposals, I thought it would be an interesting exercise to pose one important question to a number of lawyers here in London. The response was brilliant and we are pleased to share the results with our readers! Q: What do you see as the worst startup …