Legal advice for businesses - Brendan Donohue talks to Business WestAugust 08, 2017
Getting legal advice when starting out in business may seem daunting, perhaps even unnecessary (“we’re just starting out, we can’t afford it?”, “we’ll just get ourselves started and review things after 6 months”). However, taking time to at least have a conversation about your hopes and plans for the future with a lawyer could help prevent unwise decisions being made.
All too often businesses only ask for help when something’s already happened or is starting to go wrong, and it’s become a ‘damage limitation’ exercise. What you can do, how you can achieve it, and what it will cost, will almost certainly depend on the measures you already had in place to safeguard your position.
My recent article for Business West (a leading South West based business support organisation and Chambers of Commerce) looks at some of the important legal issues that are often overlooked (or not even thought about) when setting up a business.
Read the full article here and learn more about the top legal issues I think you need to be aware of, including:
- Why you need to have the right terms and conditions with your clients, customers and suppliers;
- Protecting your intellectual property;
- What paperwork you need in place with regards to your staff; and
- The importance of having a Shareholder Agreement.
Even if you already have contracts and documents in place, are they still suitable for your business today? Aside from possible changes in the law, as your business grows the necessities to protect your business are also likely to change. Therefore, even if you are an established business you should take a step back and consider whether the arrangements and documentation you have in place are still fit for purpose.
Contact me for a no obligation chat about your business and how we can help you to avoid some of the pitfalls others (which may well include your competitors) often don’t.
Call 0117 930 846 or email firstname.lastname@example.org
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