Venture capital: Series A preference share financings — why you should use the BVI

New business founders are entrepreneurial, with dazzling ideas and products: quite the opposite to us lawyers (at least that’s what they think). However, while a founder may have come up with a brilliant invention, he or she may be totally unfamiliar with even the most basic corporate concepts. They may not have ever formed a company, held shares or acted as directors before.

So when confronted with the prospect of forming a company, it is natural that founders may look to their peers and predecessors and try to replicate previously used corporate arrangements. ‘If it worked for them, it can work for us, right?’

In some jurisdictions, it is possible to incorporate a company over the internet very quickly, even without the involvement of lawyers. While this may save costs at the outset — which is, of course, crucial to founders — it is important that the type of company and jurisdiction that is used will offer excellent flexibility for: (i) decision making; (ii) future funding options; and (iii) expansion…

Click on the link below to read the rest of the Mourant Ozannes briefing.

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Mourant Ozannes

View more briefings from Mourant Ozannes

Overview

6th Floor
125 Old Broad Street
London
EC2N 1AR
UK
http://www.mourantozannes.com

Total partners: 51
Total fee earners: 248

Jobs