A strong foundation in a new or fledging company is essential for allowing that business to reach their full potential. Source Legal’s Victoria Coorey outlines key legal and business considerations for those starting a new business, for those thinking about starting a new business, or those who want a quick health check on their existing business.
Ownership and management structure: Typically, start-ups take the form of a newly incorporated entity, but an unincorporated partnership or a series of commercial agreements may be all that is required. However it’s still vital to set up a clear ownership and management structure, ideally in a document like a Shareholders Agreement.