Legal Services for Startups

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.

Business angels like jurisprudence

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.

Bureaucracy

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.

Routine or delight?

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.

• Formation of a legal entity. On the one hand, it is possible to do without forming a legal entity at the first stages. On the other hand, if the firm is not registered there is a problem of whose name the assets (copyright, patent, property) are to be registered in and how to handle relations with partners in connection with current expenses and future income.
• Choice of incorporation form. If the individual entrepreneur status may suit the entrepreneur promoting the project alone, in the event of several participants it is necessary to form a legal entity. It is important to take into account financial and tax features of the project, the ease of selling the business and the aspects that may arise in the event of its division.
• Property and assets accounting. Proper registration is required not only for real estate. It is necessary to recognize other tangible and intangible assets as well. To protect your rights to a creative product you need it to be officially registered in your (your firm’s) name. In some cases it is advisable to undergo state registration of rights to computer programs for easier confirmation that you hold the rights to this software.
• Conclusion of employment contracts. This startup element is of prime importance in intellectually intensive business areas. To ensure that your developments belong to you and not your employees so that they cannot transfer them to competitors or reserve them for their own business, it is necessary to prepare job descriptions properly and include the relevant provisions into employment contracts and contractor’s agreements with freelancers.
• Registration of domain and trademark. The entrepreneur needs to check whether a conflict of trademark with already registered trademarks is possible, to monitor who the domain is registered with and who exactly pays for hosting.

Law and information

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.

Legal services after the startup launch

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.

Legal support of the startup sale

We offer our full legal support in the course of complete or partial withdrawal from the project.