LEXR

📸 Can AI companies use photos for algorithm training without the photographers consent? This question is at the heart of a German court case involving LAION, a non-profit organisation focused on open-source AI models, and photo producer Robert Kneschke. In our latest Tech Tuesday article, written by Thomas Kuster, we look at this court case and it's implications. This case is crucial for AI startups, as it addresses the legal boundaries of using copyrighted material to train AI models. The court is considering whether the text and data mining exception under German law applies to AI model training, which impacts whether scraping of copyrighted content for AI training is legal or not. Read the full article to learn more about the case and LEXR's opinion on the matter 👉 https://lnkd.in/eR2vJEFk

Welcome back to Friday for Founders! Today, we’re talking about Incorporation 🚀 Here’s what you need to know: Where should I incorporate? 👉 Incorporate where you do business to avoid double taxation. Tax differences in Switzerland aren’t worth the risk, especially for startups with limited revenue. You can always change your location later. When should I incorporate? 👉 Incorporate "as early as necessary, but as late as possible". This usually means after the idea stage when operations start. This is when liability risks arise, and incorporating will limit personal liability for the founders. What type of company should I incorporate? You have two options: 1) SA (AG): CHF 100,000 capital (at least CHF 50'000 must be paid in), anonymous shareholders. 2) Sàrl (GmbH): CHF 20,000 capital, publicly listed shareholders. 👉 For tech startups, and if possible, I advise incorporating an SA as it’s better suited for growth and preferred by investors who appreciate the anonymity. If an SA isn’t feasible, don’t worry—you can always convert your Sàrl into an SA later, but keep in mind that this comes with a cost. What is needed? ✔ Initial share capital: Usually in cash, but it can also be in-kind (e.g., contributing a patent, a trademark, etc.). ✔ Blocked bank account: If incorporating in cash, open this account as early as possible since this can take time. ✔ Address: The place where you will incorporate. This could be your own office or a C/O address from an office provider, coworking space, or your private residence. ✔  Signatories: At least one person with single signature rights for the company living in Switzerland. Got a question? Reach out via DM. Next Week: Privacy policy — when you need one, what must be included, and why it matters. Stay tuned, and see you next week! #FridayForFounders

A couple of years ago, I was the only woman at LEXR. Today, I'm proud of our 50/50 share of men and women. Working in diverse teams is great, though achieving this balance in both the legal and tech industries can be challenging. I'm grateful for how far we've come and happy to work with every one of you. Looking forward to more LEXR women's drinks and supporting one another! Lia Isella Sofiia Orlova Stella Kroll Selina Stiefel Klara Sophie Weismann Audrey Canova Nicoletta Iurilli Ella Schröder Lea Schawinski Louise Morand Liza Pham Maja Rajić Myrto Kotrotsios Jana Huwyler Michèle Reinhardt Vanesa Noja

Meet Stella 🚀 We're excited to introduce Stella Kroll, our newest team member who joined us this month as a working student. 🌟 She's currently studying at the University of St.Gallen, completing her Bachelor's degree, and will support us in our notary office. Welcome aboard, Stella!

Hello Founders! 👋 Welcome to Friday for Founders, a weekly series guiding you through legal needs using the C-RICH framework. As an entrepreneur, managing legal complexities can be overwhelming. That's where we come in. 🤔 What is C-RICH? C-RICH stands for Corporate, Regulatory, IP, Contracts, and HR. This framework simplifies legal issues by breaking them down into five areas: Corporate: Focuses on the internal organization of your business, including the type of entity, shareholder relationships, decision-making mechanisms, and financial distributions. Regulatory: Ensures that your business complies with government regulations, both industry-specific and general, such as data protection. IP (Intellectual Property): Protects your company's intellectual property, including patents, trademarks, and IP licensing. Contracts: Manages your external relationships through customer, supplier, and partnership agreements. HR (Human Resources): Manages your relationships with employees, freelancers, and board members, including contracts and compensation strategies. 🔍 What can you expect? Every Friday, I'll be sharing insights, tips and practical advice in these areas to help you make informed legal decisions, whether you're just starting out or want to refine your strategies. Episode 1 Teaser: Incorporation 🚀 Next week, we'll start with a closer look at the first business topic most founders face: Incorporation. We'll discuss where, when, and what type of company you should incorporate when you start your startup journey. Stay tuned and see you next week! #FridayForFounders

We had the pleasure of welcoming Ana Rocio Monzón Woc from Eversheds Sutherland's New York office, together with four students from the Universidad Francisco Marroquín in Guatemala, to our Zurich office yesterday! 🌟 During their stay in Switzerland, they want to meet attorneys and young professionals to expand their network and learn more about the Swiss legal market. They are particularly interested in innovative legal services and alternative career paths. Michèle shared her career journey before joining LEXR and highlighted what makes LEXR unique, both as a service provider and as an employer. We then enjoyed a casual pizza lunch 🍕 where the students had the chance to ask all their questions. It was a fantastic opportunity to connect and share knowledge with the next generation of legal professionals. A big thank you to Michael Eschmann from MPower Ventures AG for making this connection happen!

We're excited to share Yves' journey as a Junior Associate at LEXR! 🚀 In our latest career story, Yves Roth shares his experiences in the FinReg team, where he works on AML issues, blockchain projects and more. He talks about what drew him to the intersection of technology and law, and the tech trends that will shape the future of legal services. Yves also reflects on LEXR's culture and how he was able to balance his professional sports career with his work at LEXR. Curious to learn more about Yves and his role as a Junior Associate at LEXR? Read the full career story here 👉 https://lnkd.in/eRrN9ne4

It was great to be a part of Gründerszene Spätschicht in Berlin last week! Besides supporting businesses with their legal questions during office hours with LEXR, my evening highlights include: Meeting Exciting Businesses and People: Tapdesk: Looking forward to working from one of your partner cafes on my next trip, Marvin Pöperny. BlueOcean BusinessClub: Can't wait to become part of your format, Thomas Weidlich. Groovit: Will try your gamified drum lessons with my son when they're live, Andreas Schneid. Eating Delicious Food: Tupu®: Loved the locally produced mushrooms and robotic farming. Getspacefood: The best dried fruits I had on earth so far. Photo credits: Chris Marxen Headshots-Berlin

🔔 Update   We are happy to partner with LEXR Finance as a keyholder of tzBTC v2.0.   tzBTC v2.0 uses Acurast's confidential compute for orchestrating Bitcoin multi-signature wallets in a smart contract environment.  LEXR Finance runs Acurast Processors to manage the wrapped Bitcoin supply in a trustless manner by automatically minting and burning tzBTC. https://lnkd.in/d9-ZdAar

We had an amazing time at the Lean Café @ BHT Startup Hub last week, sharing our legal expertise with several inspiring founders! 🌟 Our key takeaways:  👉 Every business is unique. It's crucial to focus on legal priorities specific to your needs.  👉 Effective marketing of your MVP is essential to attract the right audience and investors from the start.  👉 Timing is everything! Launching your business at the right time helps avoid potential disagreements and ensures smoother operations. A big thank you to everyone who attended! We’re excited to continue supporting tech startups on their legal journeys! 🚀 Lars Rohrberg, Stephan Meyer, LL.M. (USYD)