Starting a business is stressful, and no more so than in the early days. In the opening stages of running your own business, you’re laying the foundations of something you hope will grow and grow for years. Making a mistake at this key stage could have terrible consequences, not the day after, or the week after, but months or years down the road.
It’s important to make sure that when you set up your business that you have the right structure to grow; are registered in the right category to accurately describe what you do to avoid incorrect charges and taxes; and are also compliant with all aspects of business law.
One of the people who can best help you with this is a good business lawyer. You may be able to find one on the high street in the town where you work, especially if you have a good professional network who can recommend someone specific to you. Another option is to look for an online law firm: you may find this more convenient and cheaper, which is definitely a consideration in your busy and budget conscious early days.
A lawyer can help guide you through the process of setting up your business to ensure you lay the optimal foundations for your future success. They’re also useful to keep in contact with: As you secure your premises, your raw materials or products and your staff, having a lawyer available to review their contracts will make sure you get the best deal and avoid nasty surprises later. If you haven’t had a lawyer review your contract you might find that when you come to rely on a clause later, it doesn’t protect you in the way you thought it did.
If a lawyer is involved in your contract drafting and review process you can be assured that the contracts you’re creating accurately describe and enforce the terms you need, and also that you understand the contracts you are signing. For example, when you are signing the lease on your premises, a lawyer can review that contract and ensure you are getting all the use out of the building that you need: that there are no restrictions or additional responsibilities falling to you that limit your ability to use the premises in the way you need.
This means that you can start running your confident that everything is set up just as you need it to make a success of your new venture.