Starting a new business is an exciting venture, but getting the legal foundations right from the start is crucial for long-term success.
Choosing Your Business Structure
The structure you choose affects your personal liability, tax obligations, and administrative requirements. Common options include sole trader, partnership, limited company, and limited liability partnership (LLP).
Registering Your Company
If you choose to operate as a limited company, you must register with Companies House. This involves choosing a company name, appointing directors, and preparing articles of association.
Essential Contracts
Every business needs a set of core contracts, including terms of business, employment contracts, supplier agreements, and privacy policies. Having these professionally drafted can save significant costs in the long run.
Regulatory Compliance
Depending on your industry, you may need specific licences, registrations, or accreditations. Understanding your regulatory obligations early is essential.
T & M Legis can guide you through every step of setting up your business. Contact our business law team for practical, commercially-focused advice.
Disclaimer
This article is intended for general information purposes only and does not constitute legal advice. For advice specific to your situation, please contact our team at T & M Legis for a consultation.