14/08/2024

Investability Audit

two people working on computer, audit, agreement

Have a brilliant idea for a startup, but worried that investors might back out? Take advantage of our comprehensive Investability Audit. The expert team at @The Heart Legal will help you understand how to mitigate risk and attract investors. With our 10 years of experience providing legal services to technology companies, we’ll ensure you’re ready for any challenge – both on the legal and technical side.

Why is an Investability Audit important?

Investors are looking for security and stability. They want to be sure that your company is sound in every aspect – from legal documentation to finances to technical issues. Our Investability and Technical Audit will help you identify and fix potential issues before they become a hurdle for investors. We understand that tech startups have their own specific needs, so our service is tailor-made – and won’t ruin your budget.

What does the Investability Audit for startups test?

Understanding exactly what investors might be interested in is key to your startup’s success. Our comprehensive audit covers both legal, financial and technical aspects, allowing you to holistically identify potential risks and challenges. As a result, you can rest assured that your company is solidly prepared to raise capital.

The Investability Audit we offer not only helps you organize your documentation, but also evaluate and secure your technology and review your investment presentation (pitch deck). This holistic approach ensures that all key elements of your startup are in top shape before meeting with potential investors.

How does the Investability Audit proceed?

With the addition of a technical audit and pitch deck review, our service becomes comprehensive, covering all key aspects of a startup. Our team not only knows the law, but also understands technology very well – and that means you can count on top-notch support without exorbitant costs. Together, we’ll make sure your startup is ready for any challenge.

  1. Audit Preparation: Collection and review of basic documents (1-3h).
  2. Corporate Document Review: Verification of the company’s key legal documents (2-4h).
  3. Existing Financing of the Company: Review of funding sources (1-3h).
  4. Intellectual Property (IP): Verification of the status of intellectual property rights (1-3h).
  5. Technical Audit: Assessment of technology, IT infrastructure and security (2-5h).
  6. Contract Verification: Review of major contracts with customers and suppliers (1-4h).
  7. Personal Data Protection: Review of compliance with RODO (1-3h).
  8. Pitch Deck Review: Review and optimize investment presentation (1-2h).

Most common mistakes (that you will avoid)

With proper preparation, you will avoid the following mistakes. Thus, you can increase your chances of successful cooperation with investors and ensure the stable development of your startup.

Lack of a shareholders’ agreement regulating the relationship between partners

The lack of clearly defined rules of cooperation between shareholders can lead to conflicts and misunderstandings. The shareholders’ agreement should clarify the rights and obligations of each shareholder, the rules for the distribution of profits and losses and the procedures for resolving disputes.

Payments by shareholders without an adequate documentary basis

Payments of capital to the company must be properly documented. The absence of formal agreements or minutes can lead to tax problems and difficulties in the subsequent settlement of contributions.

Failure to notify changes to the National Court Register

Any change in the structure of the company, such as changes to the board of directors, an increase in share capital or a change of address, must be notified to the KRS. Failure to do so may result in financial penalties and legal problems.

Deficiencies in documenting meetings of company bodies

Minutes of board meetings and shareholders’ meetings are key documents confirming the legality of decisions taken. Lack of such documentation can lead to invalidation of decisions and problems in the event of an audit or inspection.

Data protection non-compliance

Violations of the RODO can result in hefty financial penalties and loss of customer trust. It is important that the concepts that a startup develops are developed in accordance with the regulations and that personal data, including financial or medical data, is properly protected against unauthorised access.

Lack of IP protection safeguards

Intellectual property, such as logos, corporate identity, know-how, must be adequately protected. Lack of safeguards can lead to the loss of valuable intellectual assets and legal problems in case of infringement by competitors.

Why choose us?

We are a team of lawyers with experience in more than 100 transactions. We understand the new technology industry and provide holistic support in creating and investing in innovative ventures.

Don’t wait, contact us today and secure the future of your startup. Together, we’ll make sure your documents don’t stand in the way of success.

Karolina Krawczyk Of Counsel