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Saksham
Legal Advisor! • 1y
We recently assisted a tech startup with a critical company incorporation matter, highlighting common pitfalls entrepreneurs often overlook. Here's what you need to know: 1. Clearly define ownership of all Intellectual Property. 2. Choose the right entity type for your goals & growth plans. 3. Implement vesting schedules to protect all parties. 4. Establish clear decision-making processes & roles. 5. Structure for both current needs & future expansion. 6. A well-structured company attracts funding. 7. Anticipate growth with provisions for new shareholders & exit strategies. Our client, initially headed for a simple partnership, benefited from our guidance. We restructured them as a pvt ltd co, drafted comprehensive agreements, & created a governance structure that impressed investors, securing their first funding round. Don't underestimate incorporation complexities. Proper legal guidance sets your business up for a long term success & avoids costly mistakes.
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