As with any life-altering events, including marriage, divorce or making your Will, you may instruct the support of a trusted solicitor. This is just as true when you decide to set up a business. Although it is not a legal requirement to instruct a solicitor when you set up a business, it is something that you should greatly consider.
Reasons to Instruct a Solicitor When Setting Up a Business
There are various reasons why you may instruct a solicitor when starting a business, including:
- Ensuring you have relevant and comprehensive documentation and contracts with customers and suppliers.
- Drafting or reviewing a lease agreement on behalf of your business.
- Advising on rights, responsibilities and duties relating to legalities.
- Overall advice and guidance relating to any regulations within the industry.
What do I need to consider when setting up a business?
Depending on the business and the industry in which you are setting up your company, different considerations must be made.
For example, a sole trader will have different structures, documentation and agreements to those of a partnership.
Doing your research is vital. Even for the smallest firms, you should conduct market research and ensure that you have a robust business plan.
For small firms, Jackson Longe Solicitors have comprised vital legal advice and standard documents in their Start-Up Legal Package.
What is included in the Start-Up Legal Package?
With our extensive industry experience, we have created a Start-Up Legal Package that includes the following:
- Advice on setting up a business as a partnership or limited company.
- Advice on Terms and Conditions
- Advice on protecting the Intellectual Property of the business.
- Advice on business premises.
Solicitor for Setting Up a Business Richmond
At Jackson Longe Solicitors, based in Richmond, Surrey, we have compiled our knowledge of advising businesses at all stages of their life cycle to create our Start-Up Legal package.
Furthermore, we offer a comprehensive range of services for all SMEs and family-owned businesses, including partnership agreements, directors’ agreements, warranties and indemnities, and much more.