Are you starting your own startup or thinking about taking the big step into the world of entrepreneurship? Beyond innovative ideas and growth strategies, there is one factor that many overlook: the legal framework. Without a proper legal basis, even the most successful startup can find itself in a difficult position.
1. Legal Form: IKE, LTD or SA?
Before launching, you need to decide on the legal form of your business. The IKE (Private Capital Company) is popular with startups due to its flexibility and low start-up capital. On the other hand, the SA (Public Company) is preferable for companies targeting investors and a larger scale of growth.
2. Contracts & Agreements between Founders
No matter how good your partnership with your co-founders is, a founding agreement is essential to define roles, percentages, and exit paths. Many startups fail because there was no clear legal arrangement between the co-founders.
3. GDPR & Personal Data: Don't Ignore It!
If your startup collects user data, GDPR compliance is not an option – it’s an obligation! Violations can lead to heavy fines, even if you’re a small company.
4. Intellectual Property Protection
Your logo, platform or application is intellectual property and you must trademark it. Don't let someone else use your brand because you didn't trademark it!
5. Startups and Taxation: What Applies in Greece?
Tax incentives for startups have improved in recent years, but it remains critical to know how to reduce your tax burden legally and effectively. A good legal advisor will guide you properly.
Business law is not something you should ignore. A small legal oversight can ruin a promising startup. Do you want to ensure that your business is legally protected? Contact Lawful.gr for specialized support!
