When deciding to pursuit external investment to fund your growing business, you will need to be prepared and organised, having all your compliance requirements up to date. Your investors will appreciate this organisation as it exhibits a sense of understanding, respect, commitment, and business acumen. Investors can easily lose interest and patience with disorganisation of due diligence paperwork and presentation and/or management or founder overconfidence, appearing as inexperience. Overconfidence does not represent the struggles, challenges, and exhaustion from overcoming obstacles and the commitment it takes to building an expansive business.It is truly beneficial, when deciding to present for raising funds, to take time out in organising your approach. You need to make sure all your specifications are prepared to prevent missed opportunities. This book is a practical guide and contains checklists to organise your company compliance and due diligence when planning to present to external investors.
Checklists include many aspects to:
The basic compliance for making your company legal with government bodies
Business structure ideas
Replaceable Rules of Company Constitution
Directors Duties
Negotiating the Founders/co-founders Shareholders Agreements terms
Why Founders become redundant Approaching investors
Employment Share Schemes broken down according to ASIC and the ATO
Product compliance and considerations
Customers as revenue models explored
Sales Processes
Financials and Records to keep on file
Links and document sources
The Regulation that has been studied in this book is within the Australian Commercial Landscape but the process are applicable regardless of which country one lives in. The author did include legal terms as outlined in legislation and then provided explanations in everyday language. I hope you will enjoy organising your business for growth and expansion while preparing for whatever outcome you choose.