Starting up a new business maybe perceived by many as risky, however with key foundations in place you can limit your exposure to risk and create a profitable and successful business. In addition to carrying out thorough business planning and sourcing appropriate finance, having the correct legal documentation and policies in place is critical. QualitySolicitors will be able to provide practical and expert advice to protect your business.

What sort of company structure is available for a new business?

This is an important consideration, because the chosen legal structure of your business can affect the financial risk you take on, the overall ownership control and the day to day running of the business. You could set up as a limited company, partnership, limited liability partnership or sole trader. Each has differing implications and you should discuss which would be the optimal choice for your new business with a solicitor.

Which legal documents should I have in place when starting a business?

This is not an exhaustive list but you may need to consider having a Shareholders Agreement or Partnership Agreement, Terms and Conditions, Website Terms of Use and a Privacy Policy, Employee Contracts and Handbooks, Directors Service Agreement, Lease Review, Tenancy Agreement, Estate and Tax Planning .

Can I obtain Legal Aid for Business Start up Services?

Legal services for business start ups are not available on a legal aid basis, it is private paying only. However fixed fees are likely to be available on request. There are a number of grants available for start up businesses but these tend to be limited to financing the start up.

Can you help me sort out finance and insurance?

We have a vast network of business professionals (such as accountants, banks, surveyors, and insurance brokers) who we can put you in touch with.

What do I need to be aware of when taking on a new employee?

As well as getting all your employee contracts and handbooks drafted correctly, you may need to carry out a health and safety audit and register with HM Revenue and Customs as an employer.

Are the requirements for starting a business at home different?

Yes, there are additional factors that you need to be aware of and seek legal advice on. You will need to look at your mortgage and tenancy agreement to see if you are prevented from running a business at home. If you are making changes to your home to facilitate running your new business from there it is likely that planning issues will need to be checked. These are just a few areas you need to be mindful of there are several others so turn to Quality Solicitors to advise you of the full implications.