Starting the book 4

01.
Startup Establishment and Legal Foundation 7
1.1.
Choosing a Business Structure: 8 First Choices for Starting a Business
1.2.
Incorporation Process: 20 First Steps to a Successful Startup
1.3.
Legally Organizing Co-Founders: 36 Essential Provisions for Partnership

02.
Startup Operations and Legal Risk Management 51
2.1.
Personnel and Employment Contracts 52
2.2.
Intellectual Property Protection: Protecting Your Startup's Core Assets 64
2.3.
Contracts and Customer Protection: Building Secure Business Relationships 78

03.
Investment Attraction and Contracts 97
3.1.
Financial Strategies for Startup Growth: What is an Investment Agreement? 98
3.2.
An Essential Checklist for Everyone: 113 Key Provisions in Investment Agreements
3.3.
Legal and Tax Risk Management 132

04.
Startup Exit Strategies and Closures 147
4.1.
Successful Exit Strategy: 149 Things to Consider When Selling a Startup (M&A)
4.2.
164. Sorting Out Liability and Debt Issues in the Event of Business Failure
4.3.
Business Closure and Liquidation Procedures: A Guide to a Clean Closure 176
4.4.
Corporate Rehabilitation and Bankruptcy: Opportunities for Recovery and Final Settlement 189

Ending the Book 206

The most common things I hear while advising startups are, “I don’t know the law well,” and “I don’t know much about taxes.”
These are aspiring entrepreneurs who have no choice but to become dependent because they don't know much.
However, this kind of dependent attitude poses a great risk in the process of starting a business and attracting investment.
Through our extensive legal and accounting consulting experience, we've recognized this issue and realized the need for a comprehensive guide combining legal and accounting knowledge.
I wrote this book because I felt that there was a need for a book written in the language of business people, which is easier than the language of the law.
Moreover, because the Korean startup market changes faster than deregulation, legal risks can hold founders back at any time.
While it would be ideal if entrepreneurs who jump into new businesses and create their own opportunities hit the jackpot, I wrote this book with the hope that it will serve as a minimal safeguard should they face the risk of failure.

While writing the book, I realized that the process of organizing our experiences and knowledge was not easy.
Moreover, through publication, our mission to provide you with a 'minimum legal safety net' has become stronger.
I hope this helps solve the legal conflicts and accounting issues faced by real-world entrepreneurs, and I'm proud to be able to unravel the difficult and dry topics of law and accounting through the lens of my own life stories.
Above all, I hope this book will give entrepreneurs the courage to move forward, believing in themselves and their colleagues, amidst uncertainty.

- From the author's words