Russell-Cooke's technology and growth team has helped numerous software, tech, mobile and web startups get off the ground.
We provide specialist commercial advice tailored to your business, based on a deep knowledge of the sector.
Members of Russell-Cooke's technology and growth team regularly provide training to founders and entrepreneurs on the legal fundamentals of operating a tech business in the UK.
Tech businesses bring their own challenges (data protection, intellectual property (IP), online trading, international jurisdictions etc.) as well as traditional legal issues like dealing with employees and shareholders agreements.
We offer a fixed price package designed for cost conscious startups and growing technology businesses offering specialist advice, documents and registrations.
Many law firms are reluctant to offer a fixed price for legal work and this uncertainty means many businesses do not get legal advice at the outset, which can lead to issues later on.
We know keeping control of costs and budgets is critical when you start your business and in the early stages of growth it is important it is to get the right legal advice from the outset to avoid problems later which may affect the value of your business.
Legal pack for tech startups
Russell-Cooke's tech startup legal pack provides you with a flexible package of specialist legal advice, documents and registrations, adapted for your business, at a competitive fixed price.
We will discuss your business plan with you and advise you on the legal requirements of your business on a free, no-obligation basis. If you have a limited budget we can help to prioritise your legal requirements. We will break down your requirements into individual fixed-price deliverables. We will liaise with our specialist employment department to deal with particular employment law deliverables.
You will have the peace of mind of having obtained professional advice while controlling your costs.
Russell-Cooke's tech startup legal pack includes:
- an initial no-obligation telephone consultation to discuss the services we can provide to your business and how we are able to assist you
- advice on the legal requirements of your business (what you need to do or to get started)
- as many (or as few) of our deliverables as you need at a competitive fixed price.
The deliverables may include the following:
- company formation
- non-disclosure agreements (NDAs)
- shareholders, co-founder or partnership agreements
- data processing and data hosting agreements
- software licence terms
- 'software as a service' subscription agreements
- domain name and trade mark advice and registrations
- self-employed consultant contract
- employment contracts
- employee handbook
- articles of association/constitution
- loan agreements
- security documents (debenture or legal charge)
Examples of our work include:
Guy Wilmot regularly gives training sessions to startup entrepreneurs to teach the legal fundamentals of operating a tech business in the UK. Please contact Guy for details of the training or a copy of training materials.
The team has helped numerous businesses with equity fundraising. This has included institutional rounds and raising funds from individual investors claiming SEIS and EIS relief. Businesses advised on fundraising include Bitposter and Address Intelligence and Phrasee.
Russell-Cooke offers a 30 minute initial consultation (free of charge) in order to discuss the services we can provide to your business. While we will be constructive and helpful on this call, please be aware that we cannot provide legal advice that you can rely on until we have set you up as a client of the firm.
With our startup pack we can provide your new business with as many standard documents and applications as may be required, on a competitive fixed-fee basis allowing you to keep to a fixed budget.
This is the relief from capital gains tax which in many circles will reduce the rate of tax paid by the seller of shares in a private company from 18% to 10%. The link above is to HMRC’s help sheet on the subject. For more advice please contact Russell-Cooke’s corporate tax specialist, Scott Leonard on 020 8394 6520.www.gov.uk/entrepreneursrelief
Business Link was developed in partnership with subject experts within government and relevant business-support organisations to help companies comply with regulations and improve performance.
In October 2012, a new ‘centralised’ Government website replaced both Businesslink.gov.uk and Directgov.uk (www.gov.uk)www.businesslink.gov.uk
Entrepreneur Country is a community of entrepreneurs, investors, corporate partners and media who believe that entrepreneurship and independent business growth are vital to the future of the UK and Europe. The community meets twice a year and gathers online for information and inspiration and connections.https://www.entrepreneurcountryglobal.com/
Fresh business thinking
www.freshbusinessthinking.com is an on-line resource for business owners, directors and entrepreneurs. It is where information hungry and time-poor business decision makers can source information and advice to help them run their businesses more effectively and efficientlywww.freshbusinessthinking.com