On 12 February 2018, at the Fatih Municipality Innovative Projects Development Center (YEPGEM), Vircon Legal co-founder Erdem Mümtaz Hacıpaşaoğlu delivered start-up law training to entrepreneurs.
The first-time founder’s short list
For someone starting a first business, most legal questions reduce to a handful of decisions taken in the first month. The choice between operating as an individual and forming a company is the first: an individual business is quick and cheap to start but offers no separation between business and personal liability, and it cannot easily take on a partner or an investor later. A company separates those risks and, from that point, has its own obligations to meet.
Two habits prevent most later problems. Written agreements, even short ones, for every arrangement involving money or work — and keeping the company’s paperwork current, since capital increases, address changes and signatory updates all have to be registered to be effective. Support programmes such as KOSGEB assume this baseline is in place, and stamp duty is worth knowing about before signing a large contract. See Corporate Law.
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