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 …

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 12 Biggest Legal Mistakes That Startups Make

Linkilaw Business Finance, Entrepreneurship, Legal Advice, Legal Documents, Terms and Conditions

In startups, co-founders often overlook the need for legal security in their company. Startups are especially vulnerable to legal matters relating to many different areas such as protecting their intellectual property, getting the right terms and conditions, and various forms of employment contracts. Often co-founders only feel the need to get their legal agreements later, once legal issues have already arisen. …

The Different Business Agreements And Breaches That You Should Be Aware Of As A Business

Linkilaw Business Finance, Business Structures, Buying a Business, Company Law, Legal Documents, Shared Resources, Small Business, Startup Advice & Tips

  When entering the business world it is important that you are aware of the different business agreements that are needed in order to run your company. You don’t have to be a legal expert, however, you do need to have a basic understanding of how the law works in relation to your business. A lot of jurisdictions around the …

Reasons Why You Might Want To Sell Your Company

Linkilaw Business Finance, Buying a Business, Startup Advice & Tips

Selling your company is not something that should be taken lightly. Before you sell your business you should think deeply about why you want to sell your company and how it will impact your life if you decide to do so. Whether you’re an innovative emerging tech company with Silicon Valley aspirations or a family run bakery, the process of …

Entrepreneurs’ Relief: What is it? Who does it affect?

Linkilaw Entrepreneurship, Entrepreneuship

Overview Entrepreneurs’ Relief is a capital gains tax benefit available to business owners, partners, and some shareholders. In most circumstances, company owners who sell residential property have to pay a 28% tax on the gains made in that sale. Other assets that are sold will have a capital gains tax of 20%. Those eligible for Entrepreneurs’ Relief are instead taxed …

Law, Technology & Time For A Change

Linkilaw Legal News

Technology is as natural (some say important) in our everyday lives as the wind, rain and sunshine.  It’s also bringing an acceleration of change into every sectors, revolutionising industries and restructuring the way that whole markets operate. Until recently, law was resolutely resisting change.  A conservative space with incumbents happy to retain the status quo, there was no internal drivers …

The 12 Biggest Legal Mistakes That Startups Make

Linkilaw Business Finance, Entrepreneurship, Legal Advice, Legal Documents, Terms and Conditions

  They neglect the basics    It is important that any startup has the necessary legal documents in place from as early on in the company as possible. This means having shareholders agreements, co-founders agreements and other necessary agreements needed in order to launch the company. Being legally secure will prevent further implications in the future. It is easy for …