The Research Blog

Standard Documents for Starting a Business When starting a business there are a series of documents that you are going to need or that are going to facilitate the process. Although this depends on the country and place where you will be establishing your company some documents such as the shareholder's agreement are private legal documents that only need to be checked by a lawyer to insure they comply with the country's jurisdiction. Investors usually require a series of documents that tend to be similar if not the same. A great tool that offers a free package of startup documents usually required by investors is www.seriesseed.fi This resource is focused on the Finnish market but could be used as a starting point and adapted to comply with other territories. One of the key documents is the term sheet. It summarizes the principal terms and sets forward a statement of intentions. It is usually not legally biding with the exception of the exclusivity and the country of ...

Shareholders Agreement and Team Building When starting a business if there are going to be multiple shareholders, it is important to agree beforehand on certain areas of the business before setting it up. This will allow the team to work towards one common goals and will avoid headaches and pains in the future that might lead to the failure of the business. The main elements of a shareholders agreement are: 1. The business reason; what is the reason to build the business. 2. What is agreed between the shareholders. 3. The legal side or jargon, this needs to be checked with a lawyer. The shareholder agreement is a private document intended to establish matters that could be conflicting in order to prevent the conflict from ever happening. In other words, the purpose is to go through all the possible future difficulties beforehand. If problems arise the agreement would be binding and would resolve the conflict. The target is to make it both flexible and fair but also strict (s...