Monday, 14 March 2011

Is it Legal?

One thing I wish I had done earlier was establish the legal structure of the company and select legal representation. That's not to say that delaying the choice has caused any major problems but in hindsight choosing sooner could have yielded some very useful benefits and possibly accelerated the whole process.


What are the benefits? Well, putting aside the fact that a good law firm will be able to handle pretty much all of your early stage legal work, they can also provide you with access to their network. That could mean meetings with influencers and decision makers you otherwise would not meet. They can support your efforts by providing use of their facilities for important meetings and events (which are probably a lot nicer than yours right now, if you have any at all). And of course, you will be sure that you have a solid legal framework for operating your business going forward. At the very least this means you will have a custom, appropriate NDA to use rather than the free one you found on Google!

Ultimately your choice of firm will depend on your Business, your target markets and the products or services you deliver. For us, that meant a firm with a solid corporate practice and strong technology and IP skills.

Good luck...

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