4 Essential ways to set up your Sydney startup for success

May 29, 2023

The stats against Startups aren’t for the faint-hearted. Whether you’ve got the edge in a highly competitive industry, you’re solving a problem that you’re passionate about, escaping the 9-5, or simply chasing more spending money, getting your Startup up and running is no easy feat. This is why we’ve compiled a list of four essential areas to hone in on to beat the grim odds.

1. Structuring your Sydney startup

There are a lot of tough business decisions to be made in the early days of a Startup. So, before you embark on the trip of a lifetime, it’s worth consulting with experts. A specialist business law firm like H+A Legal, will protect you and help you grow the business of your dreams. Firstly, we’ll help you choose the most suitable business structure. Secondly, we’ll review and draft any relevant agreements, and establish a trust or employee share scheme. Plus, as you progress, you can be sure that all your legal bases are covered and that you’ve reduced all future risks.

2. Capital Raising

Along the exhilarating journey that lies ahead, you’re bound to run into a few obstacles. Some of these obstacles may require some additional capital to navigate. Whether these unexpected expenses become the nail in your Startup coffin will depend on:

  • the size of the obstacle,
  • the upfront cost associated with it,
  • the type of business you start.

Start with a business plan that helps you choose the best funding option for your business. Next, call a specialist business law firm to chat about all things funding. An experienced business lawyer will guide you through the rough landscape of obtaining capital from private investments, friends and even crowdfunding. We will also:

  • understand your business,
  • draft and review shareholders agreements, subscription agreements and term sheets,
  • advise on how to obtain corporate governance.

3. Employee share schemes

Taking a few friends along for the ride? If you’re planning on having company for this expedition, let’s ensure it’s a pleasant journey. An Employee Share Scheme allows you to offer your employees shares or other equity interests in your company. This kind of scheme can help you align business and employee interests that results in:

  • greater retention and attraction,
  • flexible remuneration packages, and
  • boosted productivity.

4. Your confidence

It’s a wild ride ahead, and your startup’s confidence is key to your success. Our mission at H+A Legal is to empower you to achieve your goals. So, whatever resources you need along the way, we’re right behind you. Get in touch with our legal team to see how we can help propel your Sydney startup to new heights.


Our clients speak for us

William Buck has worked with H&A Legal for a number of years on a variety of matters and have achieved excellent outcomes. The team at H&A Legal have always listened to and demonstrated an understanding of our needs in providing astute advice, tailored to each situation. They are responsive and take a very commercial approach. I would not hesitate to recommend them.
Lynda Clark
William Buck
I can't speak highly enough of my experiences with H+A Legal - their specialist advice, efficient responsiveness and client centric solutions have been second to none.
Terry Panigiris
CBD Advisory
As a tech start-up, the legal component of our business was complex and required much attention to detail. They were, and continue to be, responsive, helpful and quick to resolve issues when they com up. H&A legal were a great decision for us as a legal partner and we would highly recommend them to any business looking for similar services.
Melanie Sellors
I always have a sense of comfort when working with H&A Legal. I know myself and my clients are being well looked after. Our experience working with them has always been exceptional.
Kate Dennis
The Orbit Group
We have consistently been impressed by H+A Legal. We are always confident in their specialist advice, efficiency and the quality of work they do for us. Their services have assisted us to establish goals and plan for growth in our business.
Malcolm Devin
BY Group
I wasn't sure if it was worth engaging lawyers for my business, as I thought I could get by without them. Looking back, getting H&A Legal's on-going monthly support was the best decision I have made this year and has already opened up new opportunities for my business.
Raph Freedman
H+A Legal have been nothing but accommodating and understanding in the day to day challenges that we face as a small business in these challenging and ever changing times. All matters addressed in a professional and prompt manner. Would recommend using the team.
Agi Hatjinikitas
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