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 …
Equity split is one of the most important and controversial topics that you would need to discuss with your co-founder in the early stages of your business relationship. This is the moment where the arguments may arise. That’s why equity allocation and choosing the co-founders are very important. How should equity be split between co-founders? Going into business with …
Navigating the regulatory landscape is a key challenge for the FinTech industry. The innovative nature of FinTech makes it difficult for businesses to determine what kind of license or approval is needed from the appropriate authorities and whether the new product/service falls within the existing regulatory regimes. This challenge is further exacerbated by FinTech companies looking to scale internationally, as …
Splitting equity is a difficult and sensitive decision that co-founders have to make when starting a business. The result of this decision can lead to a stronger relationship where each co-founder knows where they stand—or it can turn into a complete nightmare. There isn’t one universal rule on how equity should be split, but we have some tips to help …
This year Linkilaw is celebrating its 5th anniversary—time flies! We’re thrilled to have been able to assist so many amazing startups with their legal needs. Today we decided to take some time to reflect on these past five years and remind ourselves what we stand for and why our work is so important to us. So, in case you don’t …
You often hear lawyers or other legal service providers warn against using templates for legal documents. You might think they’re just protecting themselves and their business by trying to scare customers away from the competition, but that really isn’t the case. There are a number of inherent risks in using templates for legal documents, so before you do, be sure …
If you’re a startup with two co-founders, you may be tempted to split your equity 50/50. In theory, this may seem like an easy and fair way to divide ownership. However, an equal equity split may lead to a number of future problems that you should consider before going this route. Although rarely discussed because it’s a sensitive matter, founder …
Despite the fact that the General Data Protection Regulation (GDPR) was made into law almost a year ago, many marketing professionals are still unsure of how to stay compliant. As a marketing professional, you’re likely to be one of the most affected in regard to the use of consumers’ personal data so if you still don’t fully understand exactly how …
Splitting equity in a startup can be a sensitive topic. How much equity does each founder deserve? The answer to this question is usually different based on each founder’s perspective and, consequently, can be a cause of conflict. But, if you ask the right questions, it’s possible to divide equity in a way that feels fair and satisfactory to everyone. …
Small businesses accounted for 99.3% of private sector businesses at the start of 2017 and 99.9% were small or medium-sized (SMEs). Want to be part of this business owners’ world? Are you a small business owner wanting to avoid mistakes? Don’t know where to start or what you need? Here are the essentials for those seeking legal advice for small …
