Telecommunications and Internet is a promising area for those who want to start their own business. The main advantage of opening a business on the Internet is cost savings due to the lack of production cycle.
However, the advantages end here, and this is when startupers face common problems.
If you do not have enough money to develop new solutions or launch your project you have to raise funds from the outside. However, the venture business as investments in an unobvious result is considered risky. Therefore, business angels often behave in an overly active manner: at the early stages of the project, investors try to legally secure a significant share of business (30-80%) thus making small investments in your project in return. Law firm Prime Legal has experience in representing interests of people who start their business in their relations with investors.
Another problem is inflexible legislation. Administrative barriers are in abundance in some business sectors. Not all the rules of the game are prescribed, investors and entrepreneurs are limited in opportunities, and much of what foreign investors are used to, is not applicable in the Russian law. Entrepreneurs can also face an investor’s requirement to register their company abroad. In this case legal support is indispensable because dealing with venture business requires knowledge of various branches of the Russian and foreign law.
The reality is that people who are keen on creative and business ideas have to deal with routine issues: how to prepare the constituent documents correctly, how to protect their ideas from dishonest partners and employees, how to register the rights, how to put employees on the job. The employees of Prime Legal, LLC are happy to do what our clients are unhappy doing.
The issues of creation, storage, protection and dissemination of information have long been the subject of legal regulation with its inherent characteristics. Failure to respect other people’s copyright and the rights of information owners, violation of the rules governing the processing of personal data, abuse of freedom of mass information entail legal responsibility. Thanks to advice of experts of law firm Prime Legal, LLC you will be able to avoid any difficulties. If necessary, lawyers of Prime Legal, LLC will protect your interests in court.
Law firm Prime Legal, LLC also offers legal support of startups after their launch. After our employees help you to arrange financial and economic activities of the new enterprise, you are entitled to expect legal support of the current activities of your enterprise: contractual and complaint management, protection of your business in Russian courts.
We offer our full legal support in the course of complete or partial withdrawal from the project.