Start-Up Advisory

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Non-complicated results-driven corporate and commercial solutions.

Starting your own business can be challenging. It is often difficult to know where to begin. We recommend our clients seek advice from legal experts who will be able to guide them through the many processes and considerations that are involved when starting up a business. Our start-up advisory team offers comprehensive startup advice, empowering you to make informed decisions that drive your company’s success. 

 

BUSINESS STRUCTURE ADVICE

There are four main business structure options available, these are:

  • Company
  • Trust
  • Partnership
  • Sole Trader

Our startup advisors at GLG Legal Brisbane have extensive experience in advising startup founders on which business model is the most suitable for their interests and vision. Upon selecting your business strategy, our lawyers are able to further assist you with drafting the legal documentation as required by regulations and legislation.

 

PROTECTION OF YOUR INTELLECTUAL PROPERTY RIGHTS

As with a great number of businesses, your most valuable asset will be your intellectual property. Therefore it is important to ensure that it is protected from the early stages of your start-up. The right startup advisor will be able to assist in any intellectual property matters that will need to be conducted during the process of your start-up, including registration of Trademarks and Patents.

We understand that protecting your intellectual property is important and will endeavour to ensure that all legal documentation in relation to your start-up adequately protects your rights.

 

COMPLIANCE WITH CHANGES IN THE LAW AND REGULATIONS

Since all businesses in Australia must comply with the laws and regulations under the Corporations Act and the Australian Consumer Law, depending on the type of business that you are setting up, there may also be industry-specific regulations that your business will need to comply with. Therefore, it is important to ensure that your legal documents comply with ‘the law’ from the beginning and are updated when changes occur.

At GLG Legal, our start-up advisory team ensures that all documents are drafted in compliance with the appropriate laws and regulations that protect your business from risks.

 

FINANCIAL PLANNING AND FUNDING STRATEGIES

Your startup company will need meticulous financial planning and strategic funding strategies to secure its initial success. You will need to formulate budgets, forecast cash flows, implement risk management and contingency plans, and pinpoint the key financial metrics that will allow you to monitor your business’s health and growth. Finding funding avenues can also be a time-consuming process when starting a business, and not every entrepreneur has the networking opportunities needed in the beginning. 

At GLG Legal, we oversee all of the financial planning and funding strategies. We provide valuable guidance and contact with potential investors to secure funding for your company.

CREATING EXIT PLANNING AND SUCCESSION STRATEGIES

Preparing for the future is a crucial aspect of long-term business success, and this includes planning for the eventual exit or transition of your startup. While it may seem premature to think about exit planning in the early stages, having a well-thought-out strategy in place can be instrumental in maximising value and ensuring a smooth transition when the time comes.

With our expertise in business law and strategic planning, our startup advisory team guides you through the process of exit planning and succession strategies with clarity and precision. Whether you envision selling your business, passing it on to family members, merging with another company, or exploring alternative exit options, we provide tailored advice and practical solutions to meet your unique needs and goals.

STARTUP ADVISORY BOARD

Having access to expert guidance and diverse perspectives can be instrumental in steering your start-up toward success. Your advisory board will bring together a select group of industry professionals who can provide subject matter expertise and strategic counsel. Your advisors will attend industry events with you, provide further networking opportunities, assist in governance matters and enforce accountability.

When recruiting advisors, it’s crucial to seek individuals who not only possess relevant industry experience and expertise but also align with the values, mission, and vision of your company. Advisors with previous portfolio company experience are most ideal.

At GLG Legal, not only will we stay on your advisory board, but we can also assist you in the recruitment process.

HOW GLG CAN HELP

There are several considerations involved in each step of the start-up setup process. It cannot be understated how important it is to seek legal advice when starting up a business – particularly if it is your first time. Our start-up advisory lawyers at GLG Legal are experienced in advising start-ups on their options, obligations, and requirements under the legislation and regulations.

Contact us today for assistance regarding the following:

 

WHY CHOOSE GLG LEGAL?

At GLG Legal, our seasoned startup business advisors possess deep industry knowledge of start-ups and the most suitable business structures for successful entrepreneurs. Whether it’s a company, trust, partnership, or sole trader setup, we provide valuable insights into the startup world and tailored recommendations to align with your interests – making us a valuable resource for your start-up journey. We specialise in crafting a personalised startup advisory agreement that aligns with your specific goals and vision. Our start-up advisory team works closely with you to develop a strategy to help your company succeed. Regardless if you’re just starting your entrepreneurial journey or preparing for the next phase of growth, our team is here to support you every step of the way.

With GLG Legal as your business startup advisor, you will have comprehensive assistance for intellectual property matters, including trademark and patent registration, and ensure compliance with regulations.

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CALL NOW TO TALK TO ONE OF OUR EXPERT LAWYERS

Brisbane, Head Office

Level 25, 240 Queen Street Brisbane QLD 4000

P: 07 3161 9555

E: info@glglegal.com.au

Redland Bay

133 Broadwater Terrace, Redland Bay QLD 4165

P: 07 3206 8700

E: info@glglegal.com.au

Springfield

Brookwater Office Park,

Level 1, Building 9,

22 Magnolia Drive, Brookwater QLD 4300

P: (07) 3288 3511

E: info@glglegal.com.au