Built on Rock: The busy entrepreneur's legal guide to start-up success

Built on Rock: The busy entrepreneur's legal guide to start-up success

by Michael Buckworth
Built on Rock: The busy entrepreneur's legal guide to start-up success

Built on Rock: The busy entrepreneur's legal guide to start-up success

by Michael Buckworth

Paperback

$19.99 
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Overview

***BUSINESS BOOK AWARDS 2022 SHORTLISTED TITLE***

Starting a business is one of the most exciting things you can do. It’s also one of the most daunting. There’s so much that can go right, and so much that can go wrong.

That’s why you need to understand and minimise the legal and commercial risks involved. When your new business is built on rock, you can relax in the knowledge that you won’t lose access to life-changing opportunities or waste time and energy on fighting legal challenges. Instead, you’re free to get on with what you do best — coming up with fresh ideas, finding ways to make them a reality, and selling your products or services to an ever-expanding customer base.

This book makes the complicated aspects of start-up law simple. In everyday language, it walks you through the key legal and commercial considerations.

  • Setting up your corporate structure for maximum advantage
  • Discovering your risks and how to minimise them
  • Finding out the best sources of investment
  • Learning how to value your company
  • Negotiating with investors for long-term success

MICHAEL BUCKWORTH is a qualified solicitor of the Supreme Court of England and Wales, and the founder of Buckworths (www.buckworths.com), the only law firm in the UK working exclusively with start-ups and high-growth businesses. He has a passion for entrepreneurialism, and has advised countless start-ups over the last ten years. He’s been ‘entrepreneur in residence’ at London South Bank Universityand UniversityCollege, London, for several years, and is a regular speaker at industry events.


Product Details

ISBN-13: 9781788603072
Publisher: Practical Inspiration Publishing
Publication date: 11/23/2021
Pages: 234
Product dimensions: 5.50(w) x 8.50(h) x 0.62(d)

About the Author

MICHAEL BUCKWORTH is a qualified solicitor of the Supreme Court of England and Wales, and the founder of Buckworths (www.buckworths.com), the only law firm in the UK working exclusively with start-ups and high-growth businesses. He has a passion for entrepreneurialism, and has advised countless start-ups over the last ten years. He’s been ‘entrepreneur in residence’ at London South Bank Universityand UniversityCollege, London, for several years, and is a regular speaker at industry events. Michael is also happy to speak on the principles behind Built on Rock at academic institutions and universities who adopt it as a course text.

Table of Contents

Building your start-up on rock vii

Meet Lucio xiii

Part 1 Launching your business 1

1 Setting up your company: avoid the barriers and traps 3

2 Dodging the pitfalls: identify and manage risk 23

3 Protecting your brand and intellectual property: secure your intangible assets 41

4 Bringing in help: incentivise employees and contractors 57

5 Looking after your liabilities: your customer contract 73

6 Understanding data protection law: use it to your advantage 99

Part 2 Raising investment 115

7 Where to find funding: the investment landscape 117

8 How to value your company: make your equity go further 137

9 When to raise funds: get your timing right 151

10 Making your business attractive to investors: understand investor tax reliefs 161

11 Seal the deal: receiving funds and issuing shares 181

Solid foundations 207

Start-up checklist 213

The author 215

Acknowledgements 217

What People are Saying About This

From the Publisher

Michael Buckworth has written a must-read primer for anyone considering setting up a business. Read this book - and learn from one of the best. Duncan Cheatle, co-founder of StartUp Britain, founder of Learn Amp and The Supper Club (home to hundreds of the UK’s most successful founders) *** There are so many things founders have to get right in the first few months of their start-up’s life, and the fear of getting something wrong can hold back even the most enthusiastic entrepreneur. Built on Rock explains what you should and shouldn't do, and is your best friend as you navigate the legal and business challenges of your new business. This is the book that will get ideas out of your head and turn them into a start-up. Mirela Yordanova - Associate, LaunchLab Ventures *** Michael Buckworth takes the reader on an educational journey from incorporation through launch and ending on raising an investment round. This is a must-read guide for students of entrepreneurship and anyone who wants to get a handle on the legal issues to think about when setting up a business. Jerry Allen - Director for Entrepreneurship, UCL Innovation and Enterprise, Director of Enterprise Educators UK, Advisor to the UN *** Built on Rock is written by one (legal) entrepreneur for another. However, forget legal speak, long words and complex explanations: this book focuses on what matters and gives practical advice on how to approach challenges. If you confuse your pre and post money, or think that fully diluted relates to the amount of ice in your G&T, this is a book you simply must buy. Mark Tayler - Director, SFC Capital *** Setting up a start-up can feel incredibly risky, particularly for young entrepreneurs. “Built on Rock” explains in simple terms how to identify and manage the legal and business risks inherent in a new business, without breaking the bank. Jack Parsons, UK’s Chief Youth Officer *** "Lawyers who can explain complex issues simply are few and far between: Michael Buckworth is one of them. Built on Rock brings Michael's in-depth knowledge of business and law, and over a decade of experience working with and helping entrepreneurs thrive in business. This is an essential guide for ambitious founders who want to set up in business, or take their existing start-up to the next level." Chris Hancock, Founder of Crowd2Fund ***
“Setting up a business is difficult with lots of pitfalls, but it's not rocket science. In this book, Michael demystifies the business and legal aspects by explaining in simple terms what founders should be most concerned about, and what they can sensibly decide to worry about later. This book is full of tips and advice drawn from Michael's work with many start-ups: every reader will discover something they didn't realise they didn't know.” Paul Grant, Founder of The Funding Game


‘Michael Buckworth has written a must-read primer for anyone considering setting up a business. Read this book, and learn from one of the best.’
Duncan Cheatle – Co-founder of StartUp Britain, founder of Learn Amp and The Supper Club (home to hundreds of the UK’s most successful founders)

‘There are so many things founders have to get right in the first few months of their start-up’s life, and the fear of getting something wrong can hold back even the most enthusiastic entrepreneur. Built on Rock explains what you should and shouldn’t do, and is your best friend as you navigate the legal and business challenges of your new business. This is the book that will get ideas out of your head and turn them into a start-up.’
Mirela Yordanova – Associate, LaunchLab Ventures

‘Michael Buckworth takes the reader on an educational journey from incorporation through launch and ending on raising an investment round. This is a must-read guide for students of entrepreneurship and anyone who wants to get a handle on the legal issues to think about when setting up a business.’
Jerry Allen – Director for Entrepreneurship, UCL Innovation and Enterprise, Director of Enterprise Educators UK, Advisor to the UN

‘Built on Rock is written by one (legal) entrepreneur for another. However, forget legalspeak, long words and complex explanations: this book focuses on what matters and gives practical advice on how to approach challenges. If you confuse your pre and post money, or think that fully diluted relates to the amount of ice in your G&T, this is a book you simply must buy.’
Mark Tayler – Director, SFC Capital

'Setting up a start-up can feel incredibly risky, particularly for young entrepreneurs. Built on Rock explains in simple terms how to identify and manage the legal and business risks inherent in a new business, without breaking the bank.'
Jack Parsons – UK’s Chief Youth Officer

‘Lawyers who can explain complex issues simply are few and far between: Michael Buckworth is one of them. Built on Rock brings Michael’s in-depth knowledge of business and law, and over a decade of experience working with and helping entrepreneurs thrive in business. This is an essential guide for ambitious founders who want to set up in business, or take their existing start-up to the next level.’
Chris Hancock – Founder of Crowd2Fund

‘Setting up a business is difficult with lots of pitfalls, but it’s not rocket science. In this book, Michael demystifies the business and legal aspects by explaining in simple terms what founders should be most concerned about, and what they can sensibly decide to worry about later. This book is full of tips and advice drawn from Michael’s work with many start-ups: every reader will discover something they didn’t realise they didn’t know.’
Paul Grant – Founder of The Funding Game

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