Lawyers Song Ji-won and Choi Ji-hyun from the law firm Sayoo provided comprehensive compliance checks and drafted various legal documents for Bros Inc., a company offering spatial curation and AR experiences, before and after securing Series A investment. This included drafting shareholder agreements, executive delegation agreements, stock option grant confirmations, and employment contracts for different types of workers.
For Series A investment, startups need to undergo thorough legal reviews of their business models and compliance management at the level required by venture capitalists (VCs). However, many startups initially operate without undergoing legal scrutiny, relying solely on the founder's ideas and contributions from colleagues. As they approach the Series A funding round, startups often seek legal assistance to mitigate legal risks demanded by VCs. Failure to address legal risks can hinder the investment process.
Our firm actively provides advice to startups before and after the Series A round to facilitate smooth investment processes and preemptively prevent potential disputes. We recommend startups to establish shareholder agreements outlining rights and obligations among partners and settlement methods upon receiving investment. Many startups face difficulties in business operations due to disputes among partners, highlighting the importance of establishing clear terms from the outset.
Ultimately, it's essential for startups to draft shareholder agreements defining rights and obligations among partners from the start and conduct thorough legal reviews of business structures and contracts to meet the compliance standards demanded by VCs during the IR stage. If possible, conducting legal reviews to minimize legal risks in business structures and contracts from the company's establishment stage is highly recommended.
Lawyers Song Ji-won and Choi Ji-hyun from the law firm Sayoo provided comprehensive compliance checks and drafted various legal documents for Bros Inc., a company offering spatial curation and AR experiences, before and after securing Series A investment. This included drafting shareholder agreements, executive delegation agreements, stock option grant confirmations, and employment contracts for different types of workers.
For Series A investment, startups need to undergo thorough legal reviews of their business models and compliance management at the level required by venture capitalists (VCs). However, many startups initially operate without undergoing legal scrutiny, relying solely on the founder's ideas and contributions from colleagues. As they approach the Series A funding round, startups often seek legal assistance to mitigate legal risks demanded by VCs. Failure to address legal risks can hinder the investment process.
Our firm actively provides advice to startups before and after the Series A round to facilitate smooth investment processes and preemptively prevent potential disputes. We recommend startups to establish shareholder agreements outlining rights and obligations among partners and settlement methods upon receiving investment. Many startups face difficulties in business operations due to disputes among partners, highlighting the importance of establishing clear terms from the outset.
Ultimately, it's essential for startups to draft shareholder agreements defining rights and obligations among partners from the start and conduct thorough legal reviews of business structures and contracts to meet the compliance standards demanded by VCs during the IR stage. If possible, conducting legal reviews to minimize legal risks in business structures and contracts from the company's establishment stage is highly recommended.