Business lawyers

 

Business lawyers are an important part of any business, regardless of whether it is a company, a partnership, or any other form of business. If you are thinking of setting up a business then you should talk to a solicitor who can advise on the advantages and disadvantages of each of the different mediums.

If you decide that setting up a company limited by shares is the best way forward, then your solicitor should explain to you that the advantages of this form may not be all they appear. A company is considered a separate legal entity and as a result liability for debts will remain with a company if it goes into liquidation and will not pass to any directors. However, while this concept of limited liability may be appealing, it is often the case that when a company is first set up, banks and other traders will not engage in business without some form of guarantee. This usually means that directors are required to personally guarantee aspects of the business in order to engage in trade. This removes one of the important pulling points of setting up a company and the directors are left without the limited liability they wanted and with the increased reporting requirements that come with a company.

Business lawyers will be able to advise on such pitfalls and be able to recommend ways of solving such problems. Business lawyers are also required on a wealth of other issues relating to the running of a business and it is very rare to see businesses approaching such legal issues without advice from specific business lawyers.

If you would like to obtain legal advice on business law, Caven can put you in touch with a local specialist business lawyers free of charge. So, if you have any questions or would like our help in finding local business lawyers please call us on 08001 221 2299 or complete the web-form above.

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