How we set up a Mile End QMUL spin-out for SEIS investment
Client R is a Queen Mary academic who co-founded a biotech spin-out based on university research. They needed to raise angel investment but didn't understand how to make the company attractive to investors or what tax reliefs were available, and the company structure and share arrangements needed setting up properly before any funding round.
We set the company up correctly for investment. We obtained SEIS and EIS advance assurance from HMRC (giving prospective investors confidence in the income tax and CGT reliefs), structured the founder shares and an EMI option pool for future employees, assessed the genuine R&D for tax credits, and put cloud accounting in place. We made sure the spin-out met all the qualifying conditions before the round opened.