From the outset of any new venture you will need to consider carefully the legal aspects of your business – planning not just for now but to allow you to grow into new markets, attract good people and protect your assets.
The correct legal structure and arrangements are key to underpinning your strategy and giving you the certainty and flexibility to deliver.
We are able to advise on the differences between various legal structures (private and public limited companies, partnerships, community interest organisations and charities) and also on the advantages of each when it comes to matters such as incentivising management, attracting investment and entering into trading agreements.
It is also important to recognise that going into business with partners and investors needs careful planning and full consideration of precisely what each participant’s roles, obligations and rewards will be. Key business decisions will need to be made and you will need a legal framework to facilitate discussions, reward performance and resolve disputes.
Aside from the structure you will need to consider a host of other matters – your terms of business with customers and suppliers, employee arrangements, protecting your brand and intellectual property and to how you will fund the business’ capital and working capital requirements.
We work with our clients on a host of matters, including:
- company and charity formations
- advice as to the appropriate corporate structure
- shareholders’ agreements, partnership agreements and articles of association
- service agreements and consultancy arrangements
- investment agreements and shareholder loans
- commercial terms of business
- private wealth planning for business owners
- venture capital and bank finance
“When you first start, advisers are very important. You’ve got to ask them the questions – they are the experts. They are going to set your business up for the next 20, 30, 40 years. You can’t afford to make mistakes on day one because I’ll guarantee you, on day 850 they’ll come back and bite you.”