BANGALORE: Starting a new business is an exciting process. It’s even easy to get carried away with your ideas and stop looking at some of the boring things, like legal agreements. But, ignoring key aspects like legal agreements can fire back significantly down the road and reduce your chances of success. For that reason, here is a list of 5 most common and problematic legal mistakes that startups need to avoid while setting up new business, as listed by Under30CEO.

Failing To Setup Proper Agreement Between Co-Founders: This is infact the most common mistakes startups make while setting up new firms, and by not doing so the business may face numerous problems later and might even go to an extent of shutting down.  Instead, startups  should closely look into the legal aspects and get a formal agreement in place between all the founders of the business to ensure hassle free growth of the firm in the long run.

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