Running a business is inherently risky; some more so than others. However, there are many steps you can take to minimise your exposure to risk, not least of which is the legal structure you use for setting up and operating your business. As [...]
When you own your own business, or have more than one business on the go as many entrepreneurs do, there are times when you feel swamped by the detail. Where's the fun in that? What you enjoy most is the [...]
A confidentiality agreement (also known as a non-disclosure agreement, or NDA) is a must-have in the early stages of any discussions you may have which require that you share your business knowledge with another party. Time and time again we come across [...]
The financial gains to be made from buying a business in administration can be significant. However, for the unwary, the risks involved mean that the potential losses can be equally significant. What should you think about when buying a "bust" business [...]
Be sure to have actually READ your contract before signing. Keep in mind that once you have signed, you are entering into a legally binding contractual relationship with the other party. There isn't usally a cooling off period - particularly if [...]
Newly formed companies often do not worry about having a Shareholder Agreement. Optimism is high and everyone is getting along well. Money can be tight, so making formal arrangements is seen as an unnecessary expense. However, it is as the company [...]
Whether you’re thinking of starting your first business or you already own an established business, it’s highly likely that, at some stage, you will consider applying for a bank loan to secure additional finance. However, banks now have far more [...]
Paying cash for an asset can be a significant drain on your working capital. Leasing the asset, however, gives you access to the asset without paying for it all at once. All forms of leasing are basically rental agreements giving [...]
Most law firms like to say that they’re different but, in reality, they’re not: they have similar offices, similar standards of client service, similar policies and procedures and similar ways of managing their people. Choose a specialist business solicitor who [...]
A franchise can be a safer and lower cost option for would-be entrepreneurs than starting up by yourself. However, the terms and conditions of Franchise Agreements are far from standard and some can be quite onerous. As a franchisee, it's important that [...]
