The start-up market is one of the fastest growing branches of the economy. In 2020, despite the pandemic, as much as PLN 2.13 billion was invested in Polish start-ups: a record 70% year-on-year increase. Also, the first domestic ’unicorn’ entered the stage, i.e. a young company worth at least USD 1 billion.

Although investment funds are constantly and growingly choosing start-ups, the founders of young companies must face numerous challenges to run their businesses smoothly and steadily.

In turn, investors willing to finance start-ups should thoroughly verify their investment.

Our goal is to support brilliant ideas and their creators in establishing and developing their business, as well as investors interested in them. We focus on technology and tailor our advice to the needs of start-ups and scale-ups.

We have a comprehensive start-up due diligence offer for businesses ready to invest in start-ups and founders of young businesses seeking to obtain financing.

You may choose between areas to be studied so we give you practical and modular solutions tailored to your needs, the specifics of a given start-up and the stage of development of your business.

The result of each due diligence study is a red flag report introducing the most important risks and recommendations for corrective actions.

Intellectual Property protection
  • We will examine the legal title to the technology owned.
  • We will present the IP ownership structure model.
  • We will identify the most important risks and recommendations for corrective actions.
Contract law
  • We will review key contracts in the start-up’s operation.
  • We will present the start-up’s business model.
  • We will identify the most important risks and recommendations for corrective actions.
Corporate law
  • We will examine the corporate structure, including the specific powers of those involved in the start-up’s activities and the profit and loss sharing model.
  • We will present the start-up’s organisational structure.
  • We will identify the most important risks and recommendations for corrective actions.
Personal Data Protection
  • We will examine the model of processing and sharing personal data as well as the respective documentation.
  • We will present a model of personal data processing.
  • We will identify the most important risks and recommendations for corrective actions.

 

Labour law

  • We will identify the key risks in terms of employment.
  • We will present the existing employment model.
  • We will identify the most important risks and recommendations for corrective actions.

Regulatory advisory services

  • We will examine the legal title to the technology owned.
  • We will present the IP ownership structure model.
  • We will identify the most important risks and recommendations for corrective actions.

Financial due diligence

  • We will examine internal and external sources of financing.
  • We will analyse the legitimacy and recoverability of capitalized project costs (WIP – work in progress).
  • We will review the classification of costs as research or development works.
  • We will identify settlements with related entities (founders and partners).
  • We will scrutinize budgets and financial forecasts in the context of business assumptions.
  • We will identify the most important risks and recommendations for corrective actions.

Tax due diligence

  • We will examine the correctness of tax settlements related to the creation of a startup, recognition of intellectual property rights, regarding startup financing (subsidies, public aid, debt financing) and settlements with owners and related to license receivables, including withholding tax.
  • We will identify the most important risks and recommendations for corrective actions.

 

As founders, when introducing new and previously unknown services and products to the market you face legal and business risks. A professional advisor is a good option to verify all aspects of your start-up’s operations, identify potential legal risks and produce solutions tailored to the needs of innovative entrepreneurs.

We offer comprehensive advisory for start-ups to assist you at every stage of your operations: from the concept and development phase, through obtaining financing, brand and know-how protection, to ongoing legal support.

We connect start-ups with potential investors and prepare young businesses to obtain financing.

Financing
We will provide legal support in the process of obtaining financing at every stage of start-up development.
Intellectual Property protection
We will prepare standard license and copyright transfer agreements.
We will draft NDAs and non-competition agreements.
Contracts
We will prepare templates for contracts covering the start-up’s day-to-day operations, including contracts with customers, suppliers and other contractors.
Corporate law
We will draft a founders agreement and help in choosing and implementing the legal model for your business operations.
Personal Data protection
We will prepare a privacy policy, a model agreement for entrusting the processing of personal data and other models for internal documentation (registers, security policy, information clauses, data processing impact assessment form).
Labour law
We will draft a template employment contract, a contract of mandate and a B2B contract.
Regulatory advisory
We will prepare documentation required by regulations governing specific types of activity, including, for example, regulations for the provision of electronic services (e-commerce).
Trainings
We will train you in legal and tax issues that are of key importance for start-up managers.
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