Latest Articles
10 min
Founder Vesting and Good and Bad Leaver Clauses: What Investors Ask For and What’s Fair
Founder vesting means a founder earns their shares over a period of time instead of owning all of them outright from day one. If…
Nov 2026
Latest Articles
9 min
Founder Vesting Schedules: Cliffs, Good and Bad Leaver Terms and Acceleration
A vesting schedule sets out how a founder earns their shares over time, so that a founder who leaves early doesn’t walk away with…
Nov 2026
Latest Articles
10 min
Pre-Emption Rights in the UK: Allotment vs Transfer and How to Disapply Them
Pre-emption rights give existing shareholders the first chance to buy shares before they go to anyone else. In the UK there are two kinds.…
Oct 2026
Latest Articles
12 min
Enterprise Investment Scheme for Founders: Eligibility Tests, Limits and How to Raise Under EIS
The Enterprise Investment Scheme (EIS) is a UK tax scheme that gives individual investors 30% income tax relief when they buy new shares in…
Oct 2026
Latest Articles
9 min
SEIS Advance Assurance: How to Apply, What HMRC Checks and What to File After the Round
SEIS advance assurance is HMRC’s opinion, given before any shares are issued, that a planned SEIS investment is likely to qualify for the scheme.…
Oct 2026
Latest Articles
10 min
SEIS Explained: Which Companies Qualify, How Much You Can Raise and Why Angels Ask for It
SEIS, the Seed Enterprise Investment Scheme, is a UK tax scheme that gives individual investors 50% income tax relief when they buy new shares…
Oct 2026
Latest Articles
5 min
What It Takes to Run and Expand a Successful Hospitality Resort
Running a large hospitality resort is like managing several interconnected businesses at once. Accommodation, restaurants, entertainment, events, retail, leisure facilities and property maintenance must…
Oct 2026
Latest Articles
9 min
BATNA: How to Work Out Your Walk-Away Position, With Business Examples
BATNA stands for best alternative to a negotiated agreement. It’s what you will do if the deal in front of you doesn’t happen, and…
Oct 2026
Latest Articles
11 min
Advance Subscription Agreements: How ASAs Work, Long-Stop Dates and SEIS Rules
An advance subscription agreement, or ASA, is a contract where an investor pays money into a company now in return for shares the company…
Oct 2026
Latest Articles
12 min
Convertible Loan Notes: Discounts, Valuation Caps and What Happens at Conversion
A convertible loan note is a loan from an investor to a company that turns into shares later, usually when the company sells shares…
Oct 2026