Although the costs of starting up a Startup in Spain can differ greatly depending on the objectives sought with its creation, there are a number of basic aspects to consider in all cases, similar to those required to establish any company. When an entrepreneur constitutes a Startup, the first step is to determine the legal nature, taking into account the needs that may arise to a startup in terms of participation deals and receipt of third-party investment:
- Opting to act as a freelancer is not the best option for a project that is going to have several partners, or if it will require the investment of third parties. Since most of the cases are considered as co-development projects, this modality is usually not viable for a startup.
- Civil societies or communities of goods are also inadvisable for a startup, unless the investment is expected to be exclusively linked to the FFF, as it is not suitable for obtaining aid through business angels, or venture capital.
- Cooperatives have thepeculiarity that each cooperative member has a vote regardless of their contribution to capital, assuming a problem when making decisions in the absence of balance on the basis of ownership of capital.
Therefore, it is the limited liability companies andpublic limited companies the legal forms that are outlined as the best options tocarry out such a project.