The New Hire

Ready to hire? Read up on these 11 things to think about before you take on your first employee.

Whats Inside?


A Nugget of Historical Context

Choose the right form of business

  • Learn the various business structures and how to make the right choice.
  • When starting a new business, one of the first decisions to make is the type of business organisation that will be used in operating the business.

Shareholders’ agreement: necessity, not luxury

  • Starting a business with close friends or family members may seem to negate the need for formal arrangements.
  • A Shareholders’ Agreement (or a Partnership Agreement in the case of a business organisation set up as a partnership) is a legal contract between all the shareholders.

Protect your intellectual property

  • Protect your brand name
  • Don’t discuss your idea carelessly
  • Be sure you own your intellectual property
  • Arrangements with third parties

The New Hire:obligations and liabilities

  • Unfortunately, many startups or small businesses overlook these and unnecessarily expose themselves to potential liabilities and penalties. These liabilities may even affect the valuation of the company in a sale or financing transaction.

Other agreements you may need in the course of your business

  • Documents play an essential role in protecting the interests of the business and the business owners over the course of a company’s lifetime.

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