When starting a business, one of the most important decisions to make is what kind of legal structure you wish to use.
A solicitor can advise you on your options and what factors to consider when deciding what type of legal entity is right for your business. Examples include a private limited company (this is the most common kind), a company limited by guarantee (suitable for clubs or charities) or a partnership (often used by accountants, solicitors and architects).
If you are going into business with other people, your solicitor will arrange a shareholders’ agreement or partnership agreement.
If you are renting your business premises, it is important to fully understand your lease. A solicitor will help you to identify hidden costs in a lease. They can answer any questions you may have or advise you on any situation which may arise about the premises.
Your solicitor can help if you decide to buy a premises.