Audit Assumptions, Constraints and Legal Dependencies
Identify and stress-test all key legal, financial, and regulatory assumptions surrounding the proposed corporate structure. Document all external constraints, such as visa restrictions, tax schemes, or regulatory approvals, alongside explicit legal dependencies that dictate execution sequence.
Completing this action alone exposes hidden regulatory bottlenecks, personal constraints, and critical path dependencies before legal counsel is engaged. It minimises legal fees and operational friction by ensuring the incorporation sequence accounts for all real-world constraints.
The founder must deliver an explicit matrix mapping all legal assumptions, regulatory constraints such as SEIS/EIS eligibility requirements, and operational dependencies. This document must clearly highlight critical path items that could stall company registration or share issuance.
Five questions an expert would ask when reviewing your output
Use these to challenge assumptions, pressure-test your logic, and check the quality of this action's output in the context of the parent task and wider venture development.
- 1
Which unverified assumption in your legal plan carries the highest risk of delaying share issuance?
- 2
How do individual founder tax statuses or visa restrictions constrain your proposed equity split and timeline?
- 3
What evidence confirms that your planned capital structure will remain compliant with SEIS/EIS advance assurance criteria?
- 4
Why have you assumed that prospective legal advisors can complete this work within your proposed budget constraints?
- 5
How do your supplier or commercial partner contract dependencies impact the execution order of your legal sequence?