OpenLegal Articles
Do you need a credit license from ASIC to operate a Fintech?
Today, more tools, apps and plugins are using technology to create new ways of providing financial information and services. “Fintechs” (financial technology) are making use of robo advisers, crowd-funding, peer-to-peerRead More
What is a Memorandum of Understanding (MOU) and when to have one?
A Memorandum of Understanding (MOU), sometimes referred to as a Memorandum of Agreement (MOA), is often confused with a contract. However, there are key distinctions between an MOA and aRead More
Can I pay employees with shares?
It is common practise for startups to offer to pay employees with shares as a way of incentivising employees without affecting their cash flow. This can be arranged by anRead More
Top 6 Legal Issues for Startups
Turning your idea into a reality is exciting, and dealing with legal issues at the outset of your journey may not be the highest priority on your list. It mayRead More
How do Shareholder Agreements Work?
When your business issues shares, those owning them become shareholders, giving them partial ownership of your company. With that comes the potential for them to be rewarded when and ifRead More
Should my startup use an Employee Share Scheme (ESS)?
An Employee share scheme (ESS) is the offer of shares your business can make to your employee. It is also known as an employee share purchase plan, share options orRead More
SAFE Notes or Convertible Loans for Capital Raising
In recent years SAFE notes have become a common way of managing investing in the startup scene. Traditionally, if you are a start-up looking for an investment, angel investors (individualsRead More
