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Bomontiada, 34381 Sisli, Istanbul

© 2019 Cihangir Law.

VENTURE LAUNCH

FIVE STEPS TO LAUNCH YOUR BUSINESS

1. BUSINESS FORMATION & FOUNDER AGREEMENTS

Pick & Register Your Entity

This is the vehicle you will use to run your business. Each entity has its own rules regarding limited liability, ownership, taxation, and other considerations. Consult with your attorney and accountant to pick and register the best entity for your venture. Common options include:

  • Sole Proprietor, General Partnership

  • LLC, Corp, Non-Profit

Draft Founder Agreements

Detail the constitution of your business. Define ownership, power, financial distributions, dispute resolution, and other important considerations. Unless you are a sole-proprietor, you will need one of the following:

  • Operating Agreement (LLC) 

  • Bylaws & Shareholder Agreement (Corp) 

  • General Partnership Agreement 

2. LICENSES, PERMITS & REGULATORY COMPLIANCE

Every business needs to make a few basic filings in order to legally operate. Depending on the nature of your business, additional regulatory compliance may be necessary. Registrations and compliance may include:

  • Local Business License - In the local city(ies) where you are operating.

  • Other - Depending your industry, other licenses, permits, and regulatory compliance may be necessary (i.e. manufacturing regulation, product labels, industry compliance) 

3. INTELLECTUAL PROPERTY

Identify and secure your intellectual property, including your business name, inventions, creative works, and confidential information:  

  • Trademarks

  • Copyrights

  • Patents

  • Trade Secrets

4. DAY- TO- DAY CONTRACTS

Have contract templates ready-to-go for your clients, workers, customers, and potential business partners, including:

  • Services - Master service agreements / client engagement letters

  • Hiring Workers - Employee agreements / independent contractor agreements

  • Web and App User Agreements - Terms of service and privacy policy

  • Licensing & Distribution - Detail the terms of your business engagements 

  • Confidentiality - Non-disclosure agreement

5. VENTURE FINANCING

If your business needs financing, we can help you pick and navigate the right deal for your needs, including: 

  • Loans / Debts - Agreements for investors who are loaning your business money to be paid back, without taking any ownership interest in your company. 

  • Future Equity Financing - Including "Convertible Notes" and "SAFE" agreements. These financing tools allow for investors to invest money now, which may convert to ownership interest later based on a future valuation.

  • Equity Purchase Agreements - These finance agreements involve the immediate purchase of common stock in your company based on its present valuation.