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startup

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Getting ready to launch a new venture? Improve your odds for success by making sure you have a lawyer on your side. Why?

Building up a business is just like constructing a building – solid foundations must be laid. Without sound foundations “cracks” will eventually start to show and it might be costly to salvage a bad situation later. There is a multitude of legal issues to think about when it comes to starting your business. Everything from your business name to its structure to its operation has legal impact.

What We Can Do For You

Business Planning & Strategies - As trusted legal advisors to small business in myriad different industries, we not only offer our experience and insights into how other businesses achieve success; we are also well placed to connect you with potential partners and investors.

Choose the Right Business Structure - Did you know how many types of business structures are available to you? Sole proprietor, partnership, limited liability partnership (LLP), limited partnerships, private limited company and company limited by guarantee - each structure offers different benefits to suit varying business purposes. We advise on the best corporate structure for your business and prepare and file the necessary documents with Accounting And Corporate Regulatory Authority (ACRA). We also advise on and draft your governing documents such as the Shareholders and Partnership Agreements.

Licenses & Permits - Ignorance of the law is no excuse if you are operating a business without the appropriate permits and licenses required by the different government regulations. From to regulatory filings under the Companies Act, to industry specific licenses and permits, to employment passess; we can do the legwork (and the paperwork) to ensure that you comply.

Securing Your Business Premises - Believe it or not, leases are frequently negotiable. We will negotiate your business leases and ensure that the agreement fairly allocates rights and responsibilities between you and your landlord and addresses all issues that may cause problems in the future.

Employment & Partnerships - No business succeeds without help from loyal and dedicated employees, trusted suppliers and a thriving network of business partners and associates. We will negotiate, review, draft and advise on employment contracts and employee benefits or compensation plans; supplier and vendor contracts; and non-compete and non-disclosure agreements for staff and collaboration partners and business associates.

Funding - Funding is one of the first concerns of any new business. Unless you have personal assets or can tap into personal sources of income, you are likely to need a bank loan or will be seeking investors. We can advise on the different financing options available to fund the growth of your business from debt financing and mortgage loans to venture capital and angel investors.

Insurance & Protection from Lawsuits - For a start-up business, lawsuits can be a death knell. Already strapped for time and money, you simply can't afford the financial and emotional stress that comes with legal wrangling. We advise on public liability (or product liability) insurance; fire insurance and other types of coverage suitable for your business; we audit your standard contracts and internal structures to minimise the risk of legal issues arising. In short, we look out for you.

Debt Recovery to Manage Cash Flow - Cash flow problems can put a small business under very quickly. As lawyers we will advise you to take a hard look at your delinquent accounts and your debt recovery policies. We will help you put in place standard collection procedures, including template letters and reminder triggers to ensure that you are collecting as hard as you work for your clients and customers. The survival of your business may depend on it.

Contracts for Business Operation - One of the cardinal rules of business is - Put Everything In Writing. Disputes arise when you leave room for doubt (and for unscrupulous clients or contractors to exploit the loophole). We negotiate, review, advise on and prepare all types of business contracts; including sale and purchase agreements, service contracts, distribution and agency agreements, vendor and supplier agreements.

Contrary to popular perception, a lawyer is more useful to you BEFORE a lawsuit arises.

 
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