Setting up a basic company structure online is easy; the complicated bit is setting it up to ensure the company has access to the required IP (including any licences from Imperial and other universities), has the right employment relationships, a funding friendly structure, avoids tax obligations on academics and ensuring everyone is fairly incentivised for future work (options and vesting). We have a standard process in place with the College and HMRC alongside a panel of professional services to make this as smooth as possible. We will also help to set up the company with its own independent legal and financial advisors, insurers, a brand identity and website, bank account and provide training to help with founder responsibilities.

Next section: Growing the company

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