• Startups
  • September 01, 2021

Questions All New Business Owners Need To Ask Their Lawyer

By Lawbite Team

Talk to a Lawyer Free Legal Help
article
When it comes to getting your new business up and running, a Business Solicitor is a highly valuable person to have on your team. Investing in professional legal advice will put you ahead of your competition by default as many organisations fail to adequately protect their Intellectual Property, put in place a Partnership or Shareholder Agreements, or ensure they have robust commercial contracts in place.

Once you have found a Commercial Solicitor who you are confident can take care of your legal problems quickly and cost effectively, there are several things you need to ask them to ensure your best interests are protected.

What business structure should I choose?

There are several business structures you can choose, including:

 Each has advantages and disadvantages which your Business Lawyer can explain.

What are the rules about naming my business?

If you are setting up as a limited company, you must choose a name for your business and register it at Companies House. The company name you select must be unique and free from sensitive and restricted words.

A Commercial Solicitor can run a search to check if any other organisations have the same or similar names to the one you wish to use.

How do I protect my intellectual property?

You can protect your intellectual property by applying for a:

Copyright may also protect your work automatically without the need to make an application to the Intellectual Property Office (IPO).

Intellectual property law is highly specialised, and you will need the advice and representation of an experienced Solicitor to apply for protection and enforce your rights.

>> Download LawBite Free E-book:
 Your Essential Guide to Intellectual Property


What terms do I need to include in my commercial contracts?

Commercial contracts form the foundation of all businesses. From suppliers, to distributors, to consumers, contracts will set out your terms of trade and how third parties will do business with you. It is imperative to not only have your commercial agreements drafted by a Solicitor but to also have any contracts you are asked to enter into checked and negotiated (if applicable).

In summary

If you are an entrepreneur or a small business owner you need to consider working with a Commercial Solicitor because he/she will help ensure that your business has the necessary legal and compliance frameworks in place to be protected, grow and succeed.

You can get legal assistance from LawBite

Accessing legal support for business has never been easier.

At LawBite we take the legal strain so you can focus on running your company. With accessible and affordable legal expertise available at your fingertips, our experienced lawyers will make sure you receive the legal advice your business deserves. 

You can submit an enquiry on different legal matters through the LawBite platform or get a subscription plan with prices that suit everyone’s budget. 

With LawBite, you will always have a lawyer in your corner, ready to work on your behalf when a new issue crops up. Why not take the LawBite legal health check on start-ups and see your legal fitness score.

When you are ready to speak to one of our legal experts, you get a free 15-minute consultation.


Additional useful information

In closing

Nothing in this article constitutes legal advice on which you should rely. The article is provided for general information purposes only. Professional legal advice should always be sought before taking any action relating to or relying on the content of this article. Our Platform Terms of Use apply to this article.



Related Articles

Read more of our latest blog posts, featuring all the latest legal news, analysis and opinion from our expert lawyers.

blog image
  • By Lawbite Team
  • September 08, 2021
The Essential Contracts Every Business Needs

Regardless of the type of business you run, having the right contracts in place is an essential element to achieving success. But what type of cont...


Startups
blog image
  • By Lawbite Team
  • September 06, 2021
SMEs look to a digital future post-Covid

LawBite, a leading online legal platform for SMEs, conducted a YouGov poll to understand which emerging trends SME business owners believe will all...


Startups
blog image
  • By Lawbite Team
  • September 02, 2021
What Are The Legal Considerations in Influencer Marketing?

The world of influencers has grown exponentially in the last few years. Endorsements from celebrities, respected commentators and noted business le...


Startups

LawBite can help you

LawBite is on a mission to provide business legal advice that is easier to access, clearer to understand and much cheaper. Our on-line legal advice platform can quickly connect you with expert business legal advice. Our friendly, highly qualified business lawyers, solicitors and mediators will give you the guidance and reassurance that comes from customised legal advice for small and medium sized business.

Whether you are bringing or defending a legal claim, outsourcing work, want a business contract review to ward off disagreements, talk to an expert trademark lawyer, resolve a contractual dispute with methods like mediation and arbitration, or getting your new company set up and on the right footing with a robust shareholder agreement and GDPR standards, we can help you succeed.

defend a claim

Talk to a Lawyer

Book a Call
defend a claim

Essentials Plan