Why do IT companies need structuring?
To legalize a business, you must do the following: registere a company, become a taxpayer, receive judicial and administrative protection.
To reduce the tax burden you can choose the country of incorporation of parent and operating companies with special conditions and benefits for IT business.
To create a unified ownership structure, you can distribute profits and functional responsibilities among the founders.
To attract investments, you can do the following: develop a strategic business plan for business angels, prepare a company for due diligence, enter an IPO, ICO, or IEO.
You need to register intellectual property rights and prepare financial and accounting reports to sell a company.
To develop a financial policy: conduct an audit of income generation and distribution of profits, open new accounts, pass bank compliance. Comply with the requirements of payment systems, currency, and financial legislation.
To determine the structure and responsibilities of co-founders and top managers: CEO, CFO, COO, CTO, and CMO.
To establish conditions for forming teams: define the rules and criteria for hiring employees; develop internal policies for recruiters and contracts for employees and subcontractors.
To combine intellectual property rights within one company, you can do the following: include into the company's assets trademarks, know-how, patents, and domains. Transfer source codes, databases, and other objects for storage to this company.