Small business solicitors

 

Small businesses nationwide are constantly aware of different legal issues which affect them, either directly or indirectly. In some situations the legal issues are fairly straightforward (e.g. how discrimination laws operate), but other developments, such as an actual claim against the business for discrimination, would justify contacting a specialist solicitor.

Small-business owners might be unlikely to contact a solicitor regarding issues which seem insignificant because it would be seen as an unnecessary expense. However, by discussing legal issues with a solicitor small-business owners might be able to save money in the long run.

We can help you do this.

Small business start-ups

Small business solicitors can help with your small business’s legal matters throughout all stages of the business life cycle. Many small businesses make the mistake of assuming that because they are not as complex as large corporations, they do not need to ensure compliance with all the relevant laws.

This is incorrect, as not being aware of the law is not an excuse for non-compliance, and failure to meet legal requirements can turn out to be more costly than legal advice in the long run.

Small business solicitors can assist with business start-up and selecting the most appropriate legal structure with which to organise your business. The way your business operates will have significant financial and legal implications, for example as a:

  • Sole trader
  • Partnership
  • Limited liability partnership
  • Limited-liability company
  • Franchise

Drafting contracts

Contracting with other businesses is a generally a large part of any business’s functions. Whether you are engaging contractors to do work for your business, small business solicitors can set up appropriate contracts. They can also:

  • Set up company terms and conditions
  • Ensure compliance with e-commerce regulations
  • Protect your business’s intellectual property

Even if you do not have many employees, there are still many laws and regulations that will apply. Small business solicitors can assist with setting up and revising employment contracts, employers’ insurance requirements and health and safety requirements.

Buying or selling businesses

If you are buying or selling a business, small business solicitors can draw up the contracts and manage all other paperwork and regulatory requirements. It is essential to engage a solicitor to examine the legal documents before paying a deposit.

Small business solicitors are also experienced at assessing a range of legal aspects of the business, for example ensuring that the business you are buying is not subject to any outstanding legal claims.

If you have a legal dispute or issue, and you own or operate a small business, solicitor firms which have commercial departments are likely to be able to offer you relevant and cost-effective advice, even if by you following that advice the firm will generate fewer legal fees.

This is because from the point of view of a commercial solicitor, small-business owners are valued as long-term clients, and so your business’s financial health matters more than the one-time fee generated by a legal issue.

For more general information, see our guidance page on business lawyers.

Are you looking for an experienced business lawyer that is cost-effective enough for you to justify using for your small business? Contact Law works with a range of sized law firms and can select the right lawyer for you based on your requirements and financial needs. Please call us on 0800 1777 162 or complete the web-form above.

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