law Ask A regular column providing answers to your legal questions >
Q1I am in the process of setting up a new business. What are the important business and or legal issues I need to consider?
Be clear on the business structure
You will need to decide on the type of business structure – for example do you want to be a sole trader at the onset and then maybe move on to becoming a limited company? The main advantage of a limited company is the liability of the shareholders is limited to the amount unpaid on their shares in the company and a company is a separate legal entity.
If you are a professional services business then you may decide on a partnership instead or a limited liability partnership (LLP).
Shareholder and partnership agreements
Do make sure you have shareholder or partnership agreements in place to protect your business. It is important to agree terms with all other shareholders at the onset. Divorce, director fallouts and life-
threatening accidents may seem unlikely, but there are no guarantees. You will want to ensure you avoid the worse-case scenario of having to dissolve the business further down the line.
Q2What are your top tips to ensure my business does not get me into legal hot water?
Terms and conditions
Don’t get caught out by not using terms and conditions (T&Cs) for clients, customers and suppliers. Using robust T&C’s for all transactions, will protect your business and prevent it from getting involved in costly and timely disagreements. Also make sure that your T&C’s are properly incorporated in your business dealings, so they can be relied upon.
Bricks and mortar
Before signing a lease on your office property, make sure you understand all the terms up-front, particularly around what the landlord will require for repairs, dilapidations and the terms of any break-
Blandy & Blandy LLP events for business and HR decision makers
Are you a business or HR decision maker? Leading Thames Valley law firm Blandy & Blandy’s employment law team is hosting two free events at Reading’s Green Park Conference Centre in 2019, focusing on minimising risk within your business:
February 14 2019, 8.45am Employment Law Seminar Green Park, Reading
October 15 2019, 9.00am Mock Employment Tribunal Green Park, Reading
To register, contact: david.la
Blandy a top ranked firm in Chambers UK 2019
Blandy & Blandy has again been named as a top ranked firm in the 2019 edition of Chambers UK, placing it among the Thames Valley’s leading law firms.
Blandy & Blandy appears in the top tier for family law in the recently published legal directory and for private wealth law in sister publication, Chambers high Net Worth guide. Top tier rankings are also awarded for planning and environment.
The firm is also highly ranked in Chambers UK for Corporate/M&A, employment, property, litigation and licensing. The majority of Blandy & Blandy’s partners are also individually recommended, while planning law solicitor Victoria Charlesson is named as an ‘associate to watch’.
Blandy & Blandy is described as ‘incredibly impressive’, ‘a force to be reckoned with in the region’ and a ‘first-class team’, while clients praised the firm for its thorough and detailed advice, commerciality, responsiveness, excellent service and value for money.
Recognised as the most used directory in the legal sector, Chambers UK guide analyses and ranks law firms based on how they are viewed by both clients and other professionals.
Blandy & Blandy was named as a finalist for Family Law Firm of the Year in the south of England at the 2018 Family Law Awards in London on November 28.
The event, at the South Bank Ballroom, welcomed over 500 guests drawn from across the family law community, including solicitors’ practices, the Bar and the public sector.
Home to one of the largest and most experienced family law teams in the region, Blandy & Blandy is also ranked as a top tier firm for family law in the UK’s leading guides to law firms, Chambers UK guide and The Legal 500. Brenda Long is also a member of the Law Society’s Family law panel.
THE BUSINESS MAGAZINE – JANUARY/FEBRUARY 2019 Family Law Firm of the Year
This edition questions are answered by Adam Dowdney
clause. Make sure your business does not get tied into a long lease without a break clause – it can be difficult and costly to back out once you have signed on the dotted line.
Do make sure you protect the intangible assets of the business. Make sure the company’s copyright is protected – such as ownership of words and images. This can affect all types and parts of the business and range from your company’s website, blogs, other marketing material, presentation documents, photographs and films. Make sure that if you have used an external consultant or supplier that you confirm legal ownership in writing. Getting agreement over the phone will not work – should you ever have to prove legal rights.
Submit your questions for the next edition to: email@example.com
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