Orrick's Founder Series offers monthly top tips for UK startups on key considerations at each stage of their lifecycle, from incorporating a company through to possible exit strategies. The Series is written by members of our market-leading London Technology Companies Group (TCG), with contributions from other practice members. Our Band 1 ranked London TCG team closed over 310 growth financings and tech M&A deals totalling US$26bn in 2021 and has dominated the European venture capital tech market for 25 consecutive quarters (PitchBook, Q1 2022). Our first instalment provided guidance to founders on the process of setting up a private limited company.
When setting up and growing your company, one of the first priorities will be hiring your first employees and building your core team – a requisite for long-term strategic growth. In the second instalment of Orrick's Founder Series, our London Employment team offer top tips to help UK startups navigate this key stage in their lifecycle.
Employee, worker, or consultant?
1. Correctly classify your staff. In the UK, there are three employment status categories: an employee, a worker, and a self-employed consultant. The category a person fits into is dependent on specific facts and circumstances (including the amount of control the company has over the individual, whether the individual is free to work/provide services to others, whether the individual has a right of substitution and whether the individual is obliged to accept...
Instagram Jenna Dewan’s husband, Steve Kazee, is not here for the narrative that she and her pro partner, Val Chmerkovskiy, have “chemistry” off the dance floor on Dancing With the Stars. Steve ho...