Small Business Legal Advice: What You Must Know
Disclaimer: We understand that everyone’s situation is different. That being said, this is a basic guideline for those seeking legal advice while starting a business.
Deciding where to start with your legal obligations as a small business owner can be overwhelming. By breaking down the steps into more manageable tasks, you can lay the foundation for your business and quickly get to running the daily operations.
Registration And Incorporation
The first step in creating your company is registering your business. To do this, you must incorporate it through the UK’s national registrar of businesses, Companies House. Here is where you will find all of the necessary forms and documents to be completed in the process of incorporation.
Additionally, if any of your initial information changes throughout your journey as a business such as that regarding shareholders or directors, your account in Companies House must be updated. The type of company you choose to create will dictate which specific forms need to be filled out.
Contracts are essential to the success of your new business. Proper contracts can protect yourself, your company, and your employees. That being said, there are many different types of contracts that you may or may not need depending on your company structure and goods or services supplied. Contracts commonly found in a business are:
- Articles of Association
- Employment Contracts
- Terms & Conditions
- Partnership Agreement
- Nondisclosure Agreement
It is important to seek out small business legal advice at the commencement of this process to decide which contracts are needed for your business. A legal consultation with business legal services can help you draft comprehensive contracts and agreements. This is a vital step to keep everybody aware of their duties, avoid business disputes and company problems, and save valuable and time and money in the long run.
By protecting the intellectual property of your business, you will be better equipped to take legal action if necessary. There are four different types of your intellectual property protection in the UK.
- Design rights
Anything you write, draw, photograph, or record is automatically protected as intellectual property in the form of a copyright. Trademarks, which must be registered, are used to protect anything brand-related such as logos, phrases, or jingles. Design rights, including the shape, colour, pattern, and packaging, can also be applied for as a type of intellectual property. Finally, patents are for inventions and products can also be registered as intellectual property.
Protection of your ideas and designs is important in creating a successful company. Again, since every business is unique, it is helpful to seek a business law service to acquire intellectual property advice to decide on your specific needs as a small business.
Once it is time to start hiring your staff, there are certain obligations you as an employer have in relation to your employees because there are a number of regulations put in place to protect the rights of employees in the UK. These rights regard anti-discrimination policies, health care, and leave/holiday conditions. At the most basic level, you will need employment contracts, consultancy agreements, and a staff handbook which will detail information about an employee’s rights, obligations, and expectations.
However, since many laws concerning employment are being altered and implemented in the coming years, it is best to discuss employment regulations with an adept business law professional who can guide you in company law to start off on the right foot between yourself and your employees.
Benefits Of Hiring Business Legal Services
You as a business owner have many legal obligations so it’s vital to obtain legal services. Beyond looking for free legal advice online, it is best to speak to somebody who can you assist with your specific needs. Online business law advice tends to not be as comprehensive as necessary for many small businesses. Going to a small business lawyer is effective, but it can also be very expensive, especially for a new business.
Small Business Legal Advice Via Startup Legal Sessions
At Linkilaw, we offer free legal advice through our Startup Legal Sessions. These one-on-one consultations can guide you in registering a business, contract law, and commercial law so that you can figure out your next move in creating a successful business for years to come!
If you would like more information or assistance, please feel free to contact us directly.