Starting up a new business venture can be an exciting and challenging time for any business person. If you have a business idea and are at the early stages of putting your plans into action we can make you aware of any legal considerations you require to take as very few kinds of business are free from legal considerations. Within our Commercial Department at McSherry Halliday, our commercial lawyers regularly advise business owners and company directors on the setting up their business. The first concern you may have is whether you will run the small business in your own name, a partnership, a limited liability partnership or a limited company. There are tax considerations and liability implications which differ dependent on the business model.
You must also consider the best location from which your business will operate. You may wish to look into whether it would be more suitable for you to lease or purchase premises. This may be dependant on your finances and any costs involved in repairing and maintaining the building. Additionally, as we offer Financial Services advice we can guide you through the whole process and provide you with assistance on how to raise finance to give your business an initial cash injection.
We can give advice on Securities you may wish to grant, personal loans or guarantees and any investment or contributions by individuals to the business.
If you have a query or wish for some advice please make an enquiry or contact one of our offices directly and a member of our team will be happy to assist.