Legal Mistakes Founders Make & How To Avoid Them

ENTERING INTO A BUSINESS VENTURE WITH CO-FOUNDERS REPRESENTS A SIGNIFICANT PROFESSIONAL AND FINANCIAL COMMITMENT.

- VINAYAK BURMAN

At the nascent stage of a startup's lifecycle, a distinct momentum often prevails - characterized by bold vision, passion, enthusiasm, and a concentrated focus on capital raising, product innovation, and market expansion. In the pursuit of rapid growth and visibility, legal considerations are frequently relegated to the periphery. Understandably, legal formalities may appear secondary to the entrepreneurial drive and strategic execution. While legal issues may not always be the most conspicuous causes of startup failure, they are frequently at the core of many underlying challenges. The six common legal mistakes that early-stage founders tend to overlook, and how you can avoid turning them into expensive lessons.

1. DOUBLING UP