Lamb & Holmes Solicitors Commercial Law Department are able to provide expert legal advice on starting a new business venture.

Starting up a new business is an exciting and busy time. However, it’s important not to overlook the legal aspects of the start-up if you want the new venture to be a success.

Deciding on and selecting the correct legal structure for your new business is one of the first and most important decisions that you will need to make. Whether you choose to trade as a Partnership, Sole Trader, Limited Liability Partnership (LLP), Limited Liability Company or a Franchise.  

We always recommend speaking to one of our Commercial Law Solicitors before making a final decision as each legal structure has different rules. Your choice will depend on a number of factors, such as the size of the business, the nature of the business, your exposure to personal liability, the level of public disclosure of your business records and also the tax rate will vary depending on each legal structure.

As well as the company structure there are other factors to consider which are:

• Contracts
• Shareholder Agreements
• Terms and Conditions
• Shareholder/ Investor loan Agreements
• Licensing
• Employment
• Commercial property advice (leaseholds and purchases)

Remember, if you take proper legal advice from the outset you are less likely to face problems in the future, and it will save you money.  Many problems that arise at a later stage of the business starting up will probably cost more to resolve than if you had paid for the advice before starting up.

You will be provided with expert legal advice that is tailor-made to your business. You will be allocated your own dedicated expert that will work with you to ensure that your new business gets off to a good start and you will also have peace of mind that you have taken steps to protect your new venture.

We understand there is a lot to consider, so let our team of experts take care of the legal side of your venture leaving you to concentrate on the other important aspects of starting a business.