STARTUP

Starting and establishing a company is a big and important decision.

The most successful companies have controlled their risks from the very beginning. This kind of risk management has also an effect on the value of the company by increasing it in the long term.

When establishing a limited liability company, the legally required documents are:

1) Start up agreement

2) Articles of association

In a process of establishing a company, documents that are often drafted are:

3) Shareholders' agreement

4) Director agreement

5) Employment contracts

6) Terms of delivery of the company products or services

7) Tailored co-operation agreements etc.

The benefits of a written agreement are:

• Documentation and evidence
• Information is transferred better during personnel changes
• Information is transferred better during organisational changes
• Increases company value (in company acquisitions, the buyer of a company really only buys rights which are restricted with certain obligations and consequently the buyer will demand that the rights and obligations are registered)

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