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Consulting a solicitor
at the very beginning establishes good business practice, creates
a partnership based on knowledge and trust, and puts a powerful
ally in your camp when the going gets rough. Successful business
people know when they can benefit from good professional advice
- and in the early stages of setting up a business, that advice
can be worth its weight in gold.
Hit the right target |
Sole
Trader, Partnership or Limited Company - which should I opt
for?
The type of organisation
your business needs is one of the fundamental decisions you
make at the outset. Which structure is right for your company
will depend on your personal circumstances, what kind of business
you want to run and what you are hoping it will achieve.
At South
Forrest, you can discuss the advantages and disadvantages
of each with your solicitor, an experienced and knowledgeable
professional, who will help you decide which is most suitable
and set up your business accordingly along the appropriate
legal lines.
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Can my
solicitor help me acquire loans, grants and other financial assistance?
Funding
your business can be a complex procedure. You may consider approaching
banks, finance houses, Highlands & Islands enterprise, your Local
Enterprise Company or other sources. Your solicitor's expertise
can be invaluable in liaising with you, your accountants and your
advisors to create the financial arrangements best suited to your
business needs.
Should
I buy or rent my business premises?
This depends on what's
available on the market, and what your long-term plans are. if you
rent your premises, you free up your capital for business development
or personal needs; if you buy them, you can develop as you require
and have the probable added security of profit when you sell. Your
solicitor will talk through the pros and cons so you make the most
approprriate choice.
Can my
solicitor offer ongoing services?
Of
course. Good businesses rely on their solicitors just as they draw
on the expertise of their own specialist departments. Your solicitor
can offer:
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So
my solicitor can help my business overcome problems?
Most
definitely. Whether it's an employee on a road traffic charge
or a debtor who won't pay, a difficult landlord or tenant
or a contract that's gone wrong, the dismissal of an employee
or the business hitting financial difficulties. There's always
a solution - and your solicitor is always the one with the
outside perspective necessary to spot it!
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Guiding
you through the rapids |
What
does it all cost?
Legal costs vary
depending on the amount of work involved and how complex it is.
Wherever possible, South Forrest provides quotes of fees and outlays
in advance, so you have a good idea of what to expect.
What's
the first step?
That's easy -
just call us on +44 (0)1463 237171 and ask to speak to one of our
partners, or click here to generate an
email form. It's the first decision you'll make towards starting
a successful business and it could be the start of a lasting and
rewarding professional relationship.
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