What is a startup actually?
Startups are newly created companies or businesses whose goal is to develop a unique product or service to offer on the market. Often at the heart of a startup lies the solution to a particular problem, which makes their product extremely sought after and preferred. This could be inventing an innovative device, inventing an assistive device, creating an entirely new type of service, and more. The options are extremely varied.
Process of creating a startup company
Original and unique idea and concept
In their essence, startups represent innovative solutions. This can be about social issues, user experience, making our daily lives easier. This is the time to show your creativity and think outside the box.
A suitable name
When we start a new business, the name plays a big role in the initial contact with potential customers. For startups, this is even more true. With the appropriate name, you will be able to send the right message – what is your mission, undertaking or in what direction is your innovation.
Register
The process of registering a startup company may vary depending on the country in which it is registered. There are also differences depending on which form of company you have applied for company registration, if you have not already done so. This can be a sole proprietorship, a limited liability company, a joint-stock company, etc. The best position for a start-up company is located in London - UK.
Funding
Startups often start with personal funding and support from family and friends. But with the potential to develop the startup idea, this will not be enough. That is why such type of companies start fundraising campaigns. This can be through direct contact with potential investors, crowdfunding and others. Here, a clear concept and vision, the dedication and motivation of the team can play a key role in the final result. You can also participate in startup competitions and hackathons that include cash prizes. These are just some of the possibilities to support your business idea.
Accountability
As your startup progresses and develops, you will need to keep detailed and complete reports. This is of key importance for the sustainable development of the company. It is also important for reporting to your investors and can help you pitch your startup to potential investors. Through correct accounting and consulting, it will be possible to identify opportunities for growth and improvement of the company.
How can we, the lawyers at Smart Startup UK, help you?
We can prepare your project and write the so-called "white paper" of the project in full details.
To register your Startup company in the best and most advantageous jurisdiction in Europe.
To advise you on any local legislation in the location of your startup company and your business idea.
To patent in your name every single project and name in the European Patent Center or any other of your choice!
We can create a campaign on KickStarter - a platform for "Crowdfunding" financing your project. Usually in this platform every project gets funding.
We can prepare the advertising materials, create videos to present your project and promote it worldwide on the Internet.
Please contact us through the contact form, describing everything about your project, and you will receive assistance from us.
