The business you start could be the next big multinational corporation. Perhaps instead you will establish a modestly sized family business that will endure many generations and serve your local community for many years.
While starting a new business can be exciting and lucrative, it can also be a leap into the unknown. Perhaps you are an expert in your field but you have not yet had experience in the legal aspects of starting and running a business. Irrespective of the aspirations of your business, the same questions should be at the front of your mind: how should I structure my new business? On what terms will I carry on business? What are the risks?
The answers will differ for every business owner. A legal professional can help you navigate the differences between doing business as an a sole trader or partnership, and using a limited company. They could help you develop the terms, conditions and agreements on which you conduct your business. Importantly, a lawyer can explain your personal risks and liabilities. One of the best parts of our jobs is hearing about exciting new business ventures – come and talk to us and tell us about your plans.
Choosing the right legal framework for your business could be the difference between running a good business and running a great business. For more information please contact Joshua.firstname.lastname@example.org or telephone 01752 246000.