Are you thinking of starting your own business? If you are, you will want to cover as many bases as possible, and understand as much about business as you can. Part of being a business means looking after your legal obligations and protecting the business from litigation. Here, we are going to consider the various things that a solicitor can do to help your business stay compliant and also to protect if from outside factorss.
Solicitors can help you with signing and creating contracts
One of the first things that you should engage your solicitor to do is to check over the initial contracts you have with various third parties. There are two key types of contract, so we will look at each in turn.
1.Contracts that you sign: in all likelihood, you will have to sign contracts before you create any of your own. One of the first contracts that you will sign is that between your business and your landlord.
These contracts can be extremely dubious – for instance, the landlord may include a clause where they can lock you out of the premises without any notice. Clearly, as a business, you should never sign such a contract. A solicitor will notice these types of clauses and will instruct you about signing it. In this way, they can help to negotiate your contracts.
Other types of contract that fall within this remit include supplier contracts and insurance policies. A solicitor will help to ensure you aren't signing anything with dangerous repercussions – or if you are, that you understand exactly what you’re signing.
2.Contracts that you create: sometimes, you will need to create contracts for other people to sign. Primarily, these are either employee contracts or customer contracts. A solicitor will be able to look at your contracts and instruct you about whether you're doing anything illegal or ineligible that would later render the contract null and void.
Contrary to what some people assume, you can’t just write anything in a contract and if the other party signs it has them over a barrel – some types of clause are illegal. For instance, if your contract breaks employment law it will be invalid.
Solicitors can help you understand the local laws
Occasionally, there may be specific local laws that impact on your business in one location, but not in another. A local solicitor is highly likely to know these laws; if not, will know where to find details.
For example, if you're operating a construction business in Blackburn and you’re looking to do up a property, you may have to use solicitors Blackburn to apply to the local council for planning permission. Because Blackburn has a great number of listed buildings, you might not be allowed to do much in the area.
Discussing your business idea with local solicitors Blackburn will help you to establish whether it’s a viable business model for that area, or not.
Other things a solicitor might help you with include licencing laws (both local and national, and in all manner of industry) and insurance requirements for full compliance.