1. Founder Institute
Rome 29 Nov 2012
Start Up in UK
Part of “Startup Legal and IP”
Stefano L Tresca
www.iSeed.co
@startupagora
2. STEFANO TRESCA IN 1 SLIDE
• Former programmer,
• Part-time lawyer,
• Part-time investor,
• Love to build new things
(not just start up).
www.iSeed.co
@startupagora fb.com/StartupAgora fb.com/iSeedTalk
3. What’s going on in the UK with
COMPANY FORMATION
@StartupAgora
4. COMPANY FORMATION
Any world citizen £16 cost (€20 $25)
can be director 4h time
or shareholder.
No notary public (online
formation)
Easy stock options
plans & privileged
shares.
@StartupAgora
5. What’s going on in the UK with
SEEDS INVESTMENTS
@StartupAgora
6. SEEDS £150K
Government 50% of the
helps tax payer investment back.
investing in
startups. 28% extra back if the
investors has capital
gain.
Full tax relief if
startup fails.
0% tax on sale of
shares (i.e. exit)
@StartupAgora
7. SEEDS £150K
Es. 1 - Startup succeeds
Amount invested (£100,000)
50% back any case £50,000
28% back if capital gain £28,000
Sell shares after 3 years £500,000
Tax on shares sales 0% £0
£478,000
@StartupAgora
8. SEEDS £150K
Es. 2 - Startup fails
Amount invested (£100,000)
50% back any case £50,000
28% back if capital gain £28,000
Tax relief on £22k loss £9,900
(£12,100)
@StartupAgora
9. What’s going on in the UK with
OTHER INVESTMENTS
@StartupAgora
10. INVESTMENTS £1MIL
Government 30% of the
helps tax payer investment back.
investing in
startups up to Tax relief on losses if
£1mil (£5mil in the startup fails.
some cases). Tax 0% on sale of
shares (i.e. exit)
@StartupAgora
12. R&D EXPENSES
Government 225% of the
helps investment back.
companies Must be science or
investing in tech.
research &
development. A startup with no
profit can still claim
the refund against
PAYE & NI.
@StartupAgora
