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This morning, I had a virtual meeting with some founders in the health tech industry.

We had very rich and interesting conversations that revolved around…

 startup legal, particularly Equity Split, Equity funding, Co-founders/Shareholders Agreement, Equity vesting Schedule, Company's Buy-Back rights etc.

You will be wondering, Ah Ah!

What's all these plenty of jargon on simple company setup which even non-lawyers around the corner can do

Well, you are wrong.

Registering a company and setting up a company are not the same.

When you register a company, you don’t care about anything else…

All you want is to have your business name recognized by law and then be able to do common things like opening a business account.

But when it comes to building a scaleable startup…

You will be talking about Setting up a business.

Beyond registering the name, a whole lot more is and would be required.

And when you even have other stakeholders like partners or co-founders where you would want the stake held by each of you to be clearly stated in the Company's official document…

Then you must do things differently.

You can’t be careless with what you are building when you have the hope of exploring equity funding for the company.

So, you see…

all the decisions you will be making have legal implications not just on the founders but also on the company itself.

A whole lot goes into building a Startup.

 And believe it or not…

 Startup legal is a very important aspect of the whole process.

If you are going to be toeing this part, make sure you arm yourself with all the legal knowledge and information that you can.

Consult an expert to guide you on the best Startup legal protection strategies to have in place before going all out.

And this is our Job.

To your #LegalSense

#BarinaadaLegal