Here are some legal tips you need to know about Startups in Spain:
Establish an appropriate legal form for startups in Spain
Of all the possible legal forms that a company can adopt in Spain, startup companies are usually created as:
- A limited company
- Civil society
- Cooperative society
- Simply the individual entrepreneur as a natural person.
The choice of legal form is a first decision that must be taken considering factors such as the purpose to be achieved with the new company, the capital available or the participation of the partners.
Make sure you carry out the registration formalities
It is important to know which documents are necessary to be able to register the company in the Spanish Mercantile Register.
To constitute startups in Spain means you have to constitute a company. Like all companies, it will have to be constituted correctly, proceeding to its inscription in the Mercantile Registry with all that it entails.
Have a good tax system
Startups in Spain must also comply with their tax obligations. Failure to comply can have bad consequences.
Establish agreements of partners
In addition to having status, it is important to draw up partnership agreements regulating the rights of the partners.
The drafting of good statutes is essential, but not everything can be regulated in them.
For this reason, it is important to consider the possibility of being able to draw up partner agreements, in which certain aspects can be established in detail.
Establish social agreements
It is possible that the founding partners are not the same today as they will be in the future or that when the start-up grows, investors may want to obtain shares in the company. For all these reasons it is important to establish a buy-sell agreement.
Protect your idea
Being your startup in Spain something innovative, it is possible that your idea will be stolen. It is important to take care of protecting your idea, and knowing whether you will need patents, trademarks, and copyrights.
One of the best ways to start a business is to work in a coworking space. There are 10X as many around the world today than there were more than 5 years ago.
Besides preferring to pay for access to goods and services rather than owning a space, there are strategic reasons why coworking is a great solution for a business. Some of these reasons are:
- You won’t face any fixed costs and you will have lower operation costs & less admin
- Your company will turn more creative and innovative
- You’ll meet new clients, coworkers and possible partners
There are plenty of coworking spaces, like OneCoWork, which provides a great work environment.
For all this, it is convenient to have good legal advice that will provide you legal tips for Startups in Spain. The legal aspects are just as important as the business idea the entrepreneur may have.
We are experts in company formation in Spain, get a free consultation and see what we can do for you.
Also, you can learn more about company formation in Spain.
How Can Lexidy Help You?
At Lexidy Law Boutique we specialise in company formation and our experienced lawyers will be able to help you guide you step by step to form your company in Spain. Contact us and get a free consultation!