It is advisable to seek legal advice when setting up your own business

It is advisable to seek legal advice on the following points when considering setting up your own business:

  • Company structure – whether to trade as self-employed, a partnership or a limited company, and to make sure the proper legal agreements are drawn up.
  • Business premises – negotiating and making sure you understand the terms of your lease.
  • Dealing with regulations – many new regulations are specific to particular sectors. You need to be aware if they apply to you.
  • Contract terms and service levels – you should be sure of your legal responsibilities to customers and suppliers.
  • Protecting your business ideas and confirming ownership – making sure any intellectual property rights to your product or service are protected and that you’re not infringing the rights of other businesses.
  • Finance – the legal implications of raising finance and agreeing terms with the lender.
  • Debt control – protecting you against bad debts and advice on debt collecting.
  • Franchising – anyone going into franchising needs to check all the small print with a specialist lawyer.
  • Employment law matters.

share this Article

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on email

Recent Articles

Overview of IP rights

The pandemic has caused many businesses to invest in selling their goods or services online. This has meant that many businesses have had to invest

Burberry granted injunction against Baneberry

Multi billion-dollar luxury fashion brand Burberry has been granted a preliminary injunction against Chinese copycat brand Baneberry/ The alleged infringers were discovered when Xinboli Trading