dear founder...One of the fastest ways to destroy a promising startup is to assume that everyone has the same expectations about money. They don’t. And nothing exposes this faster than salaries and compensation.This is why founders must legally defin...
You’d be surprised how many startups fall apart not because of market failure or lack of funds, but because of intellectual property (IP) disputes between cofounders or even developers..Here’s the truth… whatever you build… your brand name,...
Starting a business with a cofounder without a clear, written agreement is like building a house without a foundation. It might stand for a while, but the cracks will eventually show.A Co-Founder Agreement isn’t just “legal paperwork. ” It...
Dear ...To minimize risks, it’s essential to get a lawyer who will provide you with the right legal advice when forming a cofounder partnership. A comprehensive legal framework protects the business and prevents future disputes that could harm t...
so here’s why I think it’s super important to include terms about how a company will be dissolved if things don’t work out or if everyone just decides to go their separate ways. First off, let’s be real…no one starts a business thinking it...
The truth is that starting a business is very exciting.It even sweeter when your idea is rewarded immediately with client or payment.Like, you feel on top of the world and start to fantasize how to take over the world. But pause for a moment a t...
Most businesses will not work with one person alone.You might start it alone, but you might need to bring someone else on board, maybe to handle marketing, operations, technology or any other critical area where you lack the expertise, which is also...
Bringing on a cofounder? Great. But before you get caught up in the excitement of building your startup, let’s talk about something most founders ignore until it becomes a major problem: compensation.Here’s the thing… Avoiding this convers...
Officially the first 100% legal accelerator body in Nigeria. So, even though the Business legal structure program is a product of Barinaada Legal, we decided to register as a standalone body. Apart from the very big picture that we see with...
If you are a startup founder or about to co-found one, this is for you.The ideal legal structure for a tech company is a limited liability company (LLC)Most tech start-ups are registered as a private Company limited by shares.If you are building a te...
