Starting a company for under $1,000 using LOE
Imagine if you could get legal advice about how to best structure your business from a lawyer, then incorporate a company, get all 13 company incorporation documents, set up your shareholders agreement, supply agreement, website terms, privacy policy, employment agreement and contractor agreement... all for under $1,000. Impossible you say!?! Well now you can.
The Law On Earth platform makes life easier for startups and small businesses with limited cashflow but big dreams. The system has been built to replace 80% of the work done by lawyers in creating documents and educating customers about their situation, so that the cost of obtaining legal advise is dramatically reduced.
The system creates bespoke documents rather than being a template provider. This means that each document is designed specifically for that customer’s personal situation and preferred outcomes. The system slots in each clause depending on how the customer answers practical questions, and then it also provides a simple explanation in the Human Guide about what that clause means and how to manage it. This puts control of the document back into the customers hands as they actually understand each clause and why they need it for their situation. Opportunities can then be taken advantage of and risks avoided a lot better when the agreement terms are easy to understand.
The Learning Centre provides free information about different elements of business so the start up or small business can make smarter decisions being armed with that knowledge. It also provides very detailed DIY Guides for premium members and heavily discounted legal advice rates so that it is no longer prohibitive having a lawyer review your agreements or give advice on an ongoing basis for your business.
Perhaps you need a guarantee advice? Why pay $700 for this when you can upload your documents into the platform and obtain your advice online at a fraction of the cost of using a traditional firm, but still with the professional indemnity insurance protection the traditional firm provides.
Starting out in business can be an expensive and stressful time. Its important to be careful with your cashflow and make smarter choices to build your business on a solid foundation. Getting advise and setting up your business correctly is incredibly important to save you from unnecessary taxes down the track, and now you can do all of that on your startup budget.
Log on to www.lawonearth.com and see for yourself. Law On Earth – its law online, anywhere, anytime.
Published on 13 January 2019
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