How A Solicitor Can Help You To Set Up A Business

Published on: 14 January 2019 Last Updated on: 08 August 2019
Solicitor

If you are thinking about setting up a new business in Hounslow, you will find that there are a lot of things to think about. Of course, you’ll need to think about the main business plan, the name of the company and the location, but you’ll also find that a solicitor could help you with other aspects of the set-up. Here, we are going to talk you through some of the ways that a solicitor can help you to set up your new business. Keep reading to find out more.

The Business Structure

If you are new to the business community, then you might not know about all of the different types of business structures that are available. This includes sole traders, general partnerships, limited partnerships and much more. If you get a solicitor on board from the beginning, they can give you advice on what is best for your business and help you set it up in no time at all.

The Business Premises

Unless your business is solely online, then you are probably going to need to invest in some premises as your base. Commercial property is not always easy to get your hands on as there are lots of laws surrounding this matter. This is where a solicitor can step in and give you advice on what is best to do. They will help you to sort out the legal side of finding the right premises and make sure that everything is set up properly and goes smoothly.

Licensing

Depending on what sort of business you are going to be starting in Hounslow, you might find that you need to obtain a license from the local authorities. This could be a gambling license, an entertainment license or even a liquor license. Do not put your new business at risk of fines – get in touch with some of the professional solicitors in Hounslow who can help you to obtain these licenses in no time at all.

Preparing Shareholder Agreements

The final thing that you might find that a solicitor can help you out with during the process of setting up your business is in the preparation of shareholder agreements. Of course, not every company has multiple shareholders, but if you are planning on having this set up in your business then you are going to need to have a solicitor handle the legal side of the agreements.

Final Verdict

Although there are plenty of things that you can do yourself as long as you have all of the information, it can be very beneficial to get in contact with a solicitor to help you set up your own business. Hounslow is the perfect place to start a new business, and there are plenty of local solicitors who can help you to get your business off to a flying start. Make sure to get the help you need, and you should be able to have a successful first year.

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