Starting your own business can be extremely rewarding but the process is often arduous and there are many potential pitfalls. This is why it’s important to ensure that you have the right knowledge and support when setting out on your own. Fortunately, the professional team of business lawyers at CH Legal have many years of experience in helping start-ups get off the ground and guiding them through the legal hurdles. We can assist you with writing a robust business plan, advise you on choosing an appropriate business structure and help you to register your enterprise with Companies House if required. Furthermore, we can draw up a range of bespoke agreements and contracts to protect your interests.
Choosing the right business structure
Choosing the most suitable business structure is one of the first decisions facing start-ups. People setting out on their own may often decide to begin as a sole trader; this route requires minimal administration, but it’s still necessary to register for self-assessment. When it comes to businesses which involve two or more individuals, possibly bringing different skill sets to a joint venture, an effective partnership agreement can set out a solid foundation. Although partnerships do not need to register with Companies House, each partner is personally liable for any losses. A limited company or limited liability partnership (LLP) requires a lot more administration, including registration with Companies House and the submission of annual accounts, but the flip-side is that personal finances remain separate from the business entity. Our lawyers can help you weigh up the pros and cons of each option and advise you on what’s most suitable for your business.
Protect your intellectual property
Intellectual property (IP) relates to the legal ownership of non-tangible assets arising out of creativity or innovation. Many new businesses – particularly tech start-ups – will be based on an idea, creation or invention where IP is at stake. As such, it’s vital that you secure your IP assets right from the start, to protect the livelihood of your business. Our legal experts can ensure that you’ve got your bases covered when it comes to matters of copyright, trademarks, patents and registered designs. To find out more, get in touch with Mohammed Asif Malek or call 0845 4786 354.