• E-mail Page
• Print Page

Setting up your own business

Setting up your own business involves entering into legal relationships with a wide range of individuals and organisations and starting out on the right foot is crucial. Advice from a legal professional at the outset can help avoid running into costly and time-consuming problems later down the line.

Where you may need advice

• Business structure - Should you set up a company? Are you going into business with other people? Is a partnership a more suitable structure? What happens to the business if you or your partner dies or wants to leave? How are profits shared?
  
  
• Raising capital - What is the most efficient way to raise cash to fund your business? What risks are you taking? Are you putting your home at risk? What is the most tax efficient way for you to take money out of the business?
  
  
• Dealing with suppliers - How are they paid? What personal obligations do you have to them?
  
  
• Business premises - What are your obligations under your lease?
  
  
• Employing staff - What employment law obligations do you have towards your employees? How should contracts of employment be drawn up?
  
  
• Licences - Does your business require any special licence?
  
  
• Franchising - If you are setting up a franchise of an existing business, what are your rights and duties under the franchise agreement?
  
  
• Government grants and other assistance for business start-ups – What state help is there for getting your business off the ground?
  
  
• Intellectual property – Do you need to protect your business name, or your business’s ideas?
  
  

Solicitors’ fees

Solicitors’ fees for help in setting up your business depend on the complexity of the advice needed, the experience of the solicitor allocated to your case and the type of firm you engage. Fees are usually charged on an hourly rate.

Send to a Friend

Your Email:

Your Friend's Email:

Type in the below text:

Your Message: