Business Start-up

Setting up a new business brings new challenges and EDB can help you with providing business start-up legal advice.

One of the first decisions will relate to the best type of legal structure to suit the business. Is limited liability required, which may be particularly important if there is the possibility of claims being made? A simple partnership structure may seem appropriate in some cases, but it is essential to ensure that the obligations of all the parties are understood and agreed to avoid subsequent disputes.

Will you be taking on staff and are you aware of what is needed to comply with the latest employment regulations? Has consideration been given to what insurances are necessary?

Premises will probably be needed and you need good advice on the terms of any lease or tenancy to ensure you understand its implications, e.g. in respect of repairs and any dilapidation liability at the end of the lease or on moving out.

There are many other issues to be considered and EDB will be happy to advise you on these.