Questions

What type of financial data are you going to be holding on your site?
- I ask this because here in the UK, to hold certain financial data (either individuals or businesses) you have to be first cleared by the Financial Conduct Authority (FCA). This is usually a long time-consuming application. This is why the two professionals you should go see straight away is a lawyer (preferably a financial lawyer) and a cyber security specialist.

1. Financial Lawyer - A lawyer is the first person you will want to talk to. Explain your whole business and how everything would work. That way, the lawyer can give you the best possible advice to help your business. You might have to put things on hold until you become licensed and a lawyer can help you with the whole process.

2. Cyber security specialist - Since you are holding important private information, you will need to make sure that information is as secured as it can be. It is likely that you might be targeted because of the information you hold. A cyber security specialist could help you protect it.

I hope this helps you! Feel free to schedule a call with me or visit our website (linkilaw.com) for a free startup legal consultation.


Answered 7 years ago

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