Thinking of starting your own business? Whether it is to fulfil a long-held dream, to become more independent or to get a fuller financial reward for your efforts, a number of dangers do exist. Taking good legal advice when you start out can minimize those risks.
Our experienced business law solicitors can help you with your business start up both locally in Wiltshire, Hampshire, Dorset and Somerset – and throughout England and Wales – from our offices in Salisbury, Andover, Fordingbridge and Amesbury.
Advice for Start-Ups
It can be extremely difficult for people running their own business to keep up with the changes in business and employment law. The goalposts in these areas of law are constantly shifting and for those who have do not understand or follow legal affairs, the constant alteration to business regulation can prove extremely frustrating. Falling foul of these regulations could land you in a lot of trouble though so it is important to clarify areas in business law that you may not understand.
You may be a talented entrepreneur with the drive, vision and business model needed to succeed, however if you breach business law, this could all go to waste. We know that there aren’t enough hours in the day to get your business off the ground and read up on your business law, which is why our specialist solicitors can provide expert advice on all areas of law to save you time, hassle and expense.
Our team can help you with a variety of issues including:
Before you start trading you need to decide whether to be a one-man band, to create a partnership with other people or whether you want to form a limited company, which gives you certain protection. It can be difficult to decide which is best for you, especially if you have not been in business before – each of these alternatives. have their own advantages and disadvantages. Our business start-up lawyers can help you select the right structure for your particular situation. Our solicitors can help you with both company formation and drafting partnership agreements.
Terms and conditions of business
Too many people give little thought to the terms and conditions under which they sell their products or services. Our solicitors strongly advise that you make sure that your business has the right terms and conditions from day one – and ensure your customers are aware of them – or, for example, you risk being paid only when your customer feels like it.
If you are renting or buying business premises, you need to make sure you know exactly what you are taking on. Read more about our Commercial Property Solicitors.
Our solicitors strongly advise that all business agreements and deals are put in writing. Whilst you can record many simple agreements by e-mail or letter yourself, our solicitors can help safeguard your position if the agreement is more complex or valuable.
Even if you have the right terms and conditions in place, your business can quickly get into financial trouble if customers fail to pay on time. We can help you recover your debts without financial risk by writing a solicitor’s 7 day debt recovery letter before action and experience shows that 71% of debtors pay up at this stage. If your debtors still don’t pay up, we offer a prompt, cost-effective debt recovery service to collect your outstanding money, while you get on with running your business.
Even if you’re planning on taking on one or more employee from day one,you probably won’t have the luxury of a Human Resources manager. Employment law continues to become more complex and workers more aware of their employment rights. Make sure you use properly drafted employment contracts and set up the right disciplinary and other procedures. Read more about our Employment Law Solicitors
Whether you’re looking to buy a ready-made franchise business or are looking into the prospect of franchising out your own idea, a business start-up lawyer can help. Franchisees can often get a raw deal, trapped in a restrictive contract with very little help from the franchisor. Your business start-up lawyer can help to explain the potential pitfalls and prepare you for franchise success.
Intellectual Property Rights
From the start up stage, every business has its own intellectual property – in the content and design of its website, trading name and in many cases the products themselves. But many businesses don’t realise the value of their intellectual property and fail to protect it. Make sure you make the most of your business assets – contact our intellectual property solicitors today.
Whatever the state of the economy, launching your start-up businesses can be really tough, but don’t make it harder on yourself by getting your legal position wrong. It was much cheaper to get an agreement in place of the first place than the companies involved in expensive litigation. So if there are any areas, including the above, where you think you may be at risk, make sure you contact our solicitors today for specialist local legal advice on how to protect your interests