Rights and obligations as to how the business will be managed.
Setting up a new business is an exciting undertaking, but it is important to take the time to ensure that you have a strong legal foundation in place. This is the framework that will help your enterprise grow, weather difficulties, and avoid damaging disputes.
At Heald Solicitors in Milton Keynes, we can advise you on the legal steps you need to take to put the right structure in place for your business. We will ensure that no crucial points are left out and help you make the necessary decisions to set up a robust platform for the future.
By going through the right procedures and putting all of the necessary legal documentation in place from the start your business will have the flexibility and strength to deal with issues that may arise as well as a reduced chance of disputes.
A strong legal base will demonstrate to those you deal with that you understand the commercial aspects of running a business and that your enterprise is well run. If in time you choose to apply for finance, restructure, merge or exit a sound legal footing will help show that your business is robust and well-organised.
When you are starting a business, there are a number of ways in which an experienced corporate and commercial solicitor can help you.
One of the first decisions you will have to make is what business structure to choose. Options include operating as a sole trader, in a partnership or as a limited company. A solicitor will be able to advise you as to the implications of each and ensure that the right agreements are in place such as a partnership or shareholders agreement.
If you will be taking on premises, please take independent legal advice before signing a tenancy agreement. A commercial lease can be particularly onerous and it is important to fully understand the implications before signing. We can also advise you on other more flexible arrangements which may be available.
Once you are ready to start operating and potentially take on employees, you will need various contracts in place. It is vital that these are robust and tailored to your particular circumstances. A clear and unambiguous contract will reduce the risk of disagreements and misunderstandings.
Our corporate and commercial team have extensive experience in drawing up the relevant contracts for businesses in a range of sectors.
Our team can advise you in respect of a range of legal issues, including the following:
At Heald Solicitors, our new business/start-up solicitors can advise you in respect of legal issues as you embark on a new business venture. While our office is in Milton Keynes, we regularly work with clients throughout England and Wales, often remotely, meaning that you can expect the same expert legal advice and excellent client care wherever you are located.
If you wish to talk to an expert new business and start-ups solicitor, please get in touch with our legal expert David Dees.01908 355 405
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