Whats the difference between an LTD and an LLP

What’s the difference between an LTD and an LLP?

Linkilaw Business Structures

There are many steps involved in transitioning from a business idea to a functioning business. Once you’ve created your product or service, calculated a budget and built a team, there’s still one last step before you can start trading. That’s right, it’s time to choose your legal structure. In this article, we briefly explain the two most common legal structures …

Startup common Legal Mistakes

The 12 Biggest Legal Mistakes That Startups Make

Linkilaw Legal Documents

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. …

vested shares

Vested shares: How to make the most of them

Linkilaw Startup Advice & Tips

In the US, share vesting is a practice which legally exists and is common among businesses. On the other hand, in the UK vesting shares is not a widespread practice. Any UK business has to specifically write share-vesting clauses into contracts explicitly and in detail, as the process is not well known in the UK. What are Vested Shares? Vesting …

Essential Commercial Law Tips for Start-up Businesses

Linkilaw Startup Advice & Tips

Being a start-up business owner doesn’t always equal mounds of business acumen and commercial aptness. As with every other new role and line of business, it’s a learning curve for everyone involved – and that’s OK. However, some mistakes can be very expensive, potentially even fatal to your booming young business. Talent, skills and hard work is extremely important, but …

Employee Evaluations & Performance Reviews

Linkilaw Business Structures

One of the most important things every company must do is create a work environment and workforce that contributes to the growth and profitability of the company.   While that’s easier said than done, one of the most effective ways to achieve it is by using employee evaluations and performance reviews. [tweet_dis_img][/tweet_dis_img] In this post, we’ll discuss the specific benefits …

Top 10 Places To Start A New Business

Linkilaw Startup Advice & Tips

  So you’ve got a great idea to start a new business and you want to make sure you’ve pulled out all the stops to your soon-to-be success. Your product or service is innovative and thorough; your marketing strategy is well-thought out based on current market research; your price is affordable enough for the customer, yet profitable enough for you. …

Why You Need A Well-Written Business Plan

Linkilaw Business Structures

A business plan is an essential ingredient of any successful business. [tweet_dis_img][/tweet_dis_img]   Essentially, it’s like a blueprint of your future business, what it will look like and what it will entail. Many businesses don’t have a business plan at all, and this is a fundamental flaw you must avoid. In fact, a business plan should be considered as an …

Thinking of Hiring An Independent Contractor?

Linkilaw Record Keeping & Taxes

Hiring an independent contractor can be a confusing and daunting process for many companies. There are so many pros and cons, plus you may also be wondering whether or not you should hire a full-time employee instead of an independent contractor. It’s important that you understand that there is a distinction between hiring someone as an employee and as a …

commercial law

Commercial law is essential for your success

Linkilaw Business Structures

Commercial law is one of the most important legal areas of your business. This area of law deals with matters relating to commerce and trade between businesses and consumers, and it also reaches out into areas of employee contracts, business contracts, financial transactions and more. Most businesses engage in commerce with their customers without really giving any thought to the …

legal structure for your business

Choosing The Right Type Of Legal Structure For Your Business

Linkilaw Business Structures

The decision has been made – you’re starting your own business. Congratulations! You probably have many irons in your fire right now, not to even mention how excited (or stressed, or both) you must be. And yet, keeping a clear head is now instrumental. Allowing yourself any hasty or uninformed decisions might later seriously tamper with your professional life and …