Speak to a lawyer today to take the stress out of your exciting new venture!
Whether you are just beginning or have already taken the first step and want to keep everything on track the right legal advice it can also be a legal minefield.As an example cash flow is an important part of any business. Checking you have the legally suitable insurance in place. Looking over any franchise agreement or contract is critical. Yet lets not forget that you cannot look at any contract, agreement or lease in isolation. Similarly the need for statutory training or requiring a licence, planning consent or employee contract will play a huge factor. Your solicitor can help protect you against bad debts by making sure you have the right contracts with customers and suppliers. Solicitors can advise you so you make the right legal decisions to make your business successful as you grow. Business solicitors can provide business legal advice about the following:
Furthermore the structure of any firm is vital, choosing a limited company may restrict your chance at funding, but a partnership can open more doors but will hold with it personal liability. How well do you know your business partners. Should you have agreements in place to regulate the assets, proffits? You might need a shareholders' agreement or partnership arrangement to make sure you get a fair return for your financial or non-financial investment. The structure of your business is vital to your success as you start up and expand.
Prevention is better than cure. A specialised business solicitor can help you identify future legal problems and advise you on what steps to take to prevent problems before they happen, which will protect your business from risk and save you money.
