In a short blog series, we will provide examples of circumstances that require in-depth consideration and professional support if unpleasant surprises are to be avoided as much as possible.
The first step is (or should be) the business plan. No company should be founded without having thought about the project concretely and in some detail. The business plan can be written in private, but before implementation begins, it should be presented to outsiders for comment. Ideally, to experts, and especially experts in topics with which you are not well-versed. Such topics often include the legal framework, accounting, and human resources.
Let us first consider the case where not just one person, but several co-entrepreneurs are involved. This immediately raises the question of who contributes how much
Additionally, you may want to anticipate certain developments along the timeline, for example, what happens if someone wants to exit, or if some of the partners want to sell ("exit") and others don't. Shareholder agreements aren't always necessary. If necessary, however, they must be well-suited to the situation. Simply taking templates from the internet and working on them without in-depth knowledge of contract and corporate law can be a waste of time or even counterproductive.
If you start a business on your own without legal expertise, there's a high risk that things won't turn out the way you wanted, or that disputes will arise because not everyone started from the same perspective. On the other hand, excessive perfectionism can quickly lead to unnecessary costs and time expenditure. We always strive to find the optimum balance between cost-effectiveness and the best possible outcome—one could call it "best-case"—in the best interest of our clients.
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