yourbusinesswithjamescaanwinter2023 - 120

ESSENTIALS
LAW &
ORDER
Running a business requires lots
of legal compliance, so don't skimp
on hiring an expert to make sure
you are functioning within the law
T
120
here are many legal aspects to
running a company, from how
it is structured and quality and
safety laws, to rules affecting
your premises and human
resources requirements. Although
you are knowledgeable in your chosen field,
you are unlikely to be an expert on, or even
be aware of, many of the legal requirements
of launching and running a business.
Getting an expert in to make sure all aspects
of your new business comply with the law will
protect you from disastrous situations down
the line. Waiting until issues arise and then
hiring a solicitor to deal with them is likely to
cost you more in the long run, and in some
cases may be catastrophic for your business.
Ignorance of the law is no defence in court,
so it's much wiser to get expert advice at the
outset, and ensure you're doing everything
correctly and legally from the start.
A solicitor, particularly one with experience
of dealing with new businesses, will be
extremely helpful - even essential - in getting
a startup off the ground. As well as helping
you avoid potential legal problems later on,
they'll bring a wealth of knowledge to help
your company on the way to success. So start
as you mean to go on, and lay down the law.
Spend to save
The legal profession has a (not completely
undeserved) reputation for high fees. This may
discourage you from engaging a solicitor but,
in general, legal firms will do what they can to
offer you the best service and value possible.
If your budget is limited, doing as much of
the work as you can, but having a professional
at least check the most crucial parts, could
mean the difference between success and a
costly failure. In fact, it could even keep you
out of court. So find a solicitor with experience
in setting up successful businesses to ensure
you get the most from your legal eagle.
Set your structure
Before you launch, you need to decide on a
structure for your new business. This is one of
the first things a solicitor can help with. Will you

yourbusinesswithjamescaanwinter2023

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