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Setting up in business in Market Harborough

 
 
 

Getting advice
Setting up a business should be an exciting process but without the right advice it can also be a minefield, particularly where legal matters are concerned. Too often it is not until matters reach crisis point that people ask for a solicitor’s help. But by then, if a solution is available, it is much more costly than taking simple preventative action.

Clearly prevention is better than cure. Getting legal advice at the start means that you can avoid crises. We can help you identify possible problems and take steps to prevent them – protecting your business from risk and saving you money.

Legal advice checklist
We can offer advice on all the typical problems that a new business can face. They can also help you introduce a full range of preventive solutions. To decide what sort of help to give you, we will need to ask you a lot of questions about your business which may include the following broad areas:

Company structure

  • The structure of your business will be vital to its success as you start up and expand. Should you trade in your own name or through a company, for example? If you are going into business with others, you need to make sure you get a fair return for your effort, so you might need a shareholders’ agreement or partnership agreement. Your solicitor can explain all the different options and help you decide on the best one for
    your business.
Your business premises
  • When selecting premises for your business, it is important that you fully understand the terms of the lease. Can the landlord increase the rent? If so, by how much? Will you find yourself paying ever-increasing service charges? If you choose to run your business from home, what are the restrictions? We can help you will all of these questions.

 

  Finance
  • You may also want to find out what sources of finance are available and what their legal implications are. Should you mortgage the family home? Are lenders insisting on unfair terms? Could you be getting a better deal with your bank? We can explain these areas and can even help negotiate finance on your behalf.
Insurance
  • Your business may expose you to any number of risks relating to your premises, employees, assets and visitors. What if your products or workers injure someone, for example? What if someone is injured while working for you? What if you are legally responsible for an employee who misuses the internet? We will give you independent advice on the types of insurance you need.
Cash flow
  • Cash flow is the lifeblood of any business. We can help protect you against bad debts by making sure you use the right terms of trading and debt collecting.
Goods and services
  • When buying or selling goods and services, it is important to know your legal duties. What contract terms does the law lay down? What about product liability? How do you protect your inventions? What can you legally say in adverts and promotional materials? We can cover all these points in detail and, if necessary, refer you to a specialist.


  Franchising
  • Buying a ready-made business is an appealing option, but what about the small print? All too often, people find themselves trapped in a deal with expensive products and no support from the franchiser. What if the franchise does not come up to your expectations? Can you get your money back? We can give you advice on all the common problems associated with running a franchise.
Licences
  • Do you need a licence to trade? We can tell you if you need one and can even help you apply for it.
Disagreements and problems
  • In business it is usually best to plan for all possibilities. What if you fall out with a partner of fellow shareholder? Can you be forced out? How do you make sure that responsibilities and profits are divided fairly? What will happen to your business if you fall sick or die? Will your husband, wife, partner or home be properly protected? We will cover all these questions with you.

Costs
Costs will depend on a number of factors including your individual circumstances and the type of advice you need. We will provide you with a quote prior to commencing any work on your behalf.