The UK has a thriving startup environment full of new ideas. However, the exhilaration of starting your ideal business might be overwhelmed by legal concerns. Understanding some basic legal criteria is critical to creating a solid basis for your startup's success. To help you get started on the right foot, here are the top five legal advice for launching your startup in the UK . 1. Selecting the Right Business Structure One of the first steps in launching a business is determining the right structure for it. In the United Kingdom, you have several possibilities, each with its own legal and tax implications: Sole Trader: This is the most basic form, in which you own and operate the business on your own. It provides you complete authority, but you are personally liable for all business debts. Partnership: If you're beginning a business with others, forming a partnership may be appropriate. You share obligations and earnings, but you also share unlimited liabilities, just as a s...
SME Comply are a legal services and data protection consultancy with innovation and technology at its heart. We want to simplify the management of compliance and legal matters, by providing packaged fixed-fee or retainer solutions to businesses, so that they remain in control of costs.