Innovation & Enterprise


Essentials of startup law

21 April 2021, 12:00 pm–1:00 pm

A women sits in an open-plan office, wearing headphones and watching something on her laptop

Learn about 5 legal traps to avoid when setting up a company. This free lunchtime talk is open to anyone thinking of setting up a business or social enterprise.

Event Information

Open to



UCL Innovation & Enterprise


Setting up a company is relatively straightforward, but the process can involve hidden and costly traps.

Join this free one-hour online talk to learn how to:

  • avoid common mistakes that many founders make when setting up a company
  • reduce the time and cost of company setup

Who it’s for

This event is open to UCL staff, students and alumni, as well as the wider entrepreneurial community.

You could be:

  • on the point of setting up a business or social enterprise
  • looking for legal tips on startup law
  • interested in setting up a company, social enterprise or charity in the future
  • interested in working for a startup 

What to expect

This online event will involve a 40 minute talk, followed by 20 minutes for questions.

The talk will cover:

  1. Choosing a company name. What should you consider when choosing your company name? Does the name need to stay the same forever? How does the company name relate to your company branding and slogans?
  2. Allocating shares. How many shares in the company should the founders and any other staff members be allocated? What happens if people leave soon after being allocated their shares? What happens if you mistakenly get too few shares at the start compared to others at the company?
  3. Costs of setup. How much does it cost to set up a company? How can the costs of setup be reduced?
  4. Appointing directors. Who should be appointed as directors of the company? What kind of obligations do directors have? What kind of personal liability could you incur if you are appointed as a director of a company?
  5. Engaging advisors. What kinds of advisors might you require? How much do they cost? Should you allocate shares in the company to advisors and, if so, what proportion of shares should they normally be allocated?

    Date and times

    This session will take place on Wednesday, 21 April 2021, from 12pm to 1pm.

    Book your place

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    UCL Innovation & Enterprise reserves the right to make changes to the programme, location and/or speakers without prior notice. Such alterations are occasionally necessary due to circumstances beyond our control.

    Photo copyright Alejandro Walter Salinas Lopez