Pre-incorporation Services
In our Pre-incorporation services, we offer a range of legal, advisory, and administrative services to our clients before the formal incorporation (or registration) of the company. These services are crucial in laying the foundation for the smooth and compliant formation of a new business entity.
Pre-incorporation services such as:
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Business Structure Advisory:
-Guidance on choosing the right legal structure for the business (e.g., sole proprietorship, partnership, limited liability company (LLC), corporation).
– Explaining the advantages and disadvantages of each structure based on business goals, tax implications, and liability concerns. -
Name Availability Search and Reservation:
– Search to ensure to ensure that the proposed business name is available and compliant with local regulations.
– Reserving the business name with the relevant corporate registry (if needed). -
Drafting Pre-incorporation Contracts:
– Preparing and reviewing contracts or agreements between founders, co-owners, investors, or third parties, such as ,
founder agreements, partnership agreements, or pre-incorporation shareholder agreements. -
Memorandum and Articles of Association:
– Drafting key corporate documents, such as the Memorandum of Association and Articles of Association (also called bylaws), which outline the company’s objectives, governance structure, and operating procedures.
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Obtaining Initial Regulatory Approvals or Licenses:
– Assisting in obtaining necessary pre-incorporation permits or licenses specific to the industry, such as environmental permits, professional licenses, or foreign investment approvals.
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Tax and Financial Planning:
– Advising on tax implications and registration for taxation purposes.
– Assistance with opening bank accounts or setting up initial accounting systems. -
Capital Structuring and Initial Fundraising:
– Guidance on the company’s initial capital structure, including share classes and distributions.
– Helping with legal documents related to fundraising, such as term sheets or agreements with early-stage investors. -
Location Registration and Address Services:
– Providing or assisting with the registration of a physical or virtual business address as required by law.
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Compliance with Local Laws and Regulations:
– Ensuring that the incorporation process follows the legal framework of the jurisdiction, including requirements like minimum capital, residency of directors, and other statutory obligations.
Pre-incorporation services are critical for avoiding costly mistakes and ensuring the company is structured properly to minimize legal, financial, and operational risks from the outset.