Firstbase’s Post

Attention startup founders! The Corporate Transparency Act is an important new law that requires most startups to comply with new reporting requirements. Dive into our recent blog to navigate the changes and stay compliant. https://hubs.ly/Q02sj0wz0

If you're a lawyer, you might not be familiar with the Slicing Pie model, if you are, you might have doubts about its effectiveness. I have experience working with lawyers and startups to use the Slicing Pie model, and I can confidently say that it always delivers fair results without needing any adjustments. In fact, making changes to the model could actually make it less fair. Read more: https://vist.ly/3erdm

Articles of association: a simple guide for small businesses & startups in the UK Every limited company registered with Companies House has articles of association, but do you know exactly what they do and why they're so important? In this guide, our legal experts dive into the role of the articles, what the "model articles" of association are, key terms included in articles of association, how to create your own articles of association, and finally - how to amend your current articles of association.

Just as launching and operating a startup requires a dose of courage and judgment, so too does winding one down. Read our guide for founders winding down a startup to learn about: 1. Realizing value in the company 2. Fulfilling legal responsibilities 3. Handling wind-down operations. https://lnkd.in/gS5yJTNZ

🚀 Unlocking Success: Join me on a journey to explore crucial legal insights for emerging businesses. From structuring to safeguarding ideas and navigating regulations, let's lay the groundwork for startup success! 💼⚖️  #LegalAdvice #StartupSuccess #BusinessLaw

Partner Tom Bacon shares insights with Forbes on the favorability of U.K. startups listing in London. Tom suggests that regulatory changes targeting institutions should be just the beginning and that the government must now turn to tax incentives to further boost market participation.    Read more: https://bit.ly/42ncA11 #UKEconomy #StartUp #Law #LawFirm

Every startup must navigate the complex web of local, state, and federal regulations. From employment laws to industry-specific regulations, staying informed and compliant is key to avoiding fines and legal challenges. Regular consultations with legal counsel can help you stay ahead of regulatory changes and ensure your business operates within legal bounds. For other key legal considerations for startups, checkout my Startup Legal Checklist: https://lnkd.in/gFBs9gUV

To all founders who thought about setting up a holding company for their pre-revenue startup. ❌ DON’T DO IT 🤯 Did you know that over half of FTSE 100 companies have over 250 legal entities?! They have whole departments just to deal with them. 🗑️ What a waste of time and money. Why should you add this admin headache to your startup? Here are 3 issues I’ve come across when small businesses form a holding company: 1. 💵 Having a holding company can make tax claims difficult. R&D claims need to be made where the IP sits. VAT can only be claimed if taxable supplies are produced. 2. 🎓 IP and ownership of assets may be more complex in a group. This will lead to more legal, professional and advisor costs. 3. 🗄️ More admin to manage. You’ll need to submit filings for all group companies separately. What did you overcomplicate when setting up your business? #businessadmin #focus #simplicity

📈 Empowering Startup Founders with Legal Knowledge 📈 Attention all visionary founders! Today, we dive into the realm of startup law to shed light on the "Tag-Along Clause" - an essential safeguard for minority shareholders! 📜💼 🔍 What does it entail? A Tag-Along Clause, also known as a "Co-Sale" or "Piggyback" provision, is a protective measure in shareholders' agreements. If majority shareholders sell their shares to a third party, this clause grants minority shareholders the right to "tag along" and sell their shares under the same terms and conditions. 🤝💡 🚀 Why is it important? For founders seeking investment, the Tag-Along Clause ensures fairness and protection for minority shareholders. It prevents them from being left out of lucrative deals and offers a level playing field during crucial exit opportunities. 💪💼 At O'Reilly Law, we are dedicated to empowering entrepreneurs with legal insights. Reach out to us for expert advice and secure your startup's future! 🚀🔒 #StartupLawFirm #LegalInsights #TagAlongClause #ShareholderProtection

At the recent Headstart Network Foundation session, Sanjay Khan Nagra and Vinita Krishnan demystified crucial tax FAQs and ways to navigate the legal landscapes. They also discussed unique legal and compliance strategies tailored for startups.  #KhaitanCo