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Q

I want to receive corporate establishment consultation - where should I go?

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corporate establishment consultation

A

Answer to Related Inquiry

Hello. This is a corporate-specialized attorney from Daeryun Law Firm.

If you are at the stage of considering corporate establishment consultation, it appears you have come to a point where you need to design management strategy and legal structure together.

As you mentioned, corporate establishment is not a matter that ends with just registration procedures but is a starting point that determines the company's growth and risks for years to come.

The corporate establishment procedure itself may seem relatively simple in form, but in practice, the following elements often become problems immediately after establishment if not reviewed together:

- How to determine the shareholder composition and equity ratio

- The structure that determines the extent of the representative's personal liability

- Whether the articles of association are designed considering future investment attraction or partnership possibilities

- Whether there are tax/asset transfer risks when converting from sole proprietorship to corporation

There are many companies that proceeded with corporate establishment by themselves or entrusted to simple agency services and then come back to a law firm due to the following problems:

- Equity disputes between business partners

- Confusion in decision-making structures due to inadequate articles of association

- Difficulty in structural changes during investment attraction

- Situations where representatives' personal liability becomes a much bigger problem than expected

Corporate-specialized attorneys approach with the premise of structures that reduce the possibility of disputes from the establishment stage and structures that manage the scope of liability.

This is a choice that prevents much greater risks in the medium to long term rather than reducing short-term costs.

Daeryun Law Firm views corporate establishment not as standalone work but as the starting point of overall corporate management, and conducts corporate establishment consultations in the following manner:

- Prior analysis of company status, sales structure, and transaction patterns

- Legal liability review based on representative, shareholder, and executive structures

- Reflecting future investment and dispute possibilities at the articles of association design stage

- One-stop collaboration with related fields such as tax, labor, and intellectual property when needed

That is, designing what management strategy to take based on the corporation is Daeryun's approach.

Since changing the structure after corporate establishment becomes much more burdensome in terms of time, cost, and dispute possibilities, it is important to determine the corporate form and direction suitable for your business through sufficient corporate establishment consultation with a corporate-specialized attorney before establishment.

Through corporate establishment consultation, please first check whether now is an appropriate time for corporate transition, what type of corporation is advantageous, and whether structures considering future expansion are possible.

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