Key points and highlights from Simon Halberstam's and Andrew Solomon's presentation “10 things you must do when you start out or it’ll cost you later”.
Beware of making pre-contract misrepresentations, you can land yourself in seriously hot water.
Make sure your website T&Cs are clearly visible to people or they may not stand up in court.
A private limited company structure is always advisable if you're looking to raise cash or sell up later.
Always keep board minutes! An admittedly dull but absolutely necessary task.
Look into drag-along and tag-along rights in relations with your investors.
Create employment policy procedures and keep them up to date.
Incentivise your staff well, look into the EMI scheme.