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Start ups

Many businessmen might believe that starting a new business is a risky affair. However, by placing the key foundations in place, one can minimise the risk factors and succeed in the business and earn profits. Besides proper planning and financing, it is also essential for the business owners to make sure that their legal documentation and policies are in the right place. We at ‘NotJust Law’ can provide you practical solutions and expert advice, which will not only protect your business, but also help it to flourish.

Which are the suitable company structures available for new businesses?
While starting a new business it is very important for the business owners to select a suitable legal structure very carefully as it will have its affects on the financial risks taken by the businessman, the complete ownership control and even the functioning of a business on an everyday basis. A businessman can choose to set up his business as a limited company, in a partnership or limited liability partnership or even as a sole trader. Before choosing a structure, which ever it may be, the businessman needs to understand the implications of each of these, and discuss with a solicitor which will be the most suitable choice for his new business.

Which are the legal documents I should be having when starting a new business?
Although there are a number of legal documents that you must have while starting a new business, some of the most important ones include:

  • 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

Is Legal Aid for Business Start up Services available?
Legal services for setting up a new business are not available as legal aid. However, one can get it in the private paying basis. One can also request for fixed fee services. Although there are numerous grants available for starting up a new business, these are restricted to start up financing only.

Does Not Just Law provide finance and insurance solutions?
At Not Just Law we have a huge network of expert professionals who can provide different types of solutions while starting your new business.

What are the things that I need to take care of while hiring a new employee?
Besides getting the correct employee contract and handbook in place, you also need to perform a health and safety audit, as well as, get yourself registered as an employer with HM Revenue and Customs.

Are there different requirements for starting a business at home?
Businessmen who intend to start a business at home have to take care of certain added factors and also get legal advice on it. First of all, one needs to check his/her tenancy and mortgage contract and find out whether he/she is allowed to run a business at home or not. Next, if there is a proposal to renovate the house to facilitate the smooth running of the business from home, then one needs to check out with the planning issues. There are similar other things that you need to consider while planning to start a business at home and it is always better to get the advice from legal experts on it

 

 

 

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