Managing your Business
What do we do?
Along with all the elements that make your business work such as operations, marketing, selling and finance, a key component of a successful business often overlooked is it legal framework.
At Silks Solicitors, we specialise in providing tailored legal advice to business owners, senior executives and ambitious start-ups. So whether you’re looking to set up a company or are planning exit (or something in between), we are on hand to help.
How we do it?
Our job is simply to help solve your legal problems. To do this, we promise to explain complex legal matters in plain and simple English, provide you with regular updates on your matter and give you clear guidance on our fees, so there’s no nasty surprises.
Our friendly, knowledgeable solicitors are here to provide all the help and advice you need, freeing you up to get on with running your business. So if you’re looking for legal advice to support your business, call us today on 0121 511 2233.
Administration and Duties
If you’re starting a new business, it is important to have the correct legal documentation in place from day one. Start as you mean to go on – running your business properly and efficiently. If your business is well established, it is a fact that the law changes. Therefore, so must you. If you are a director of a company, is it clear what are you legally responsible for?
The legal structure of a business can affect many things. It differs if you run a limited company or a partnership; a limited liability partnership or you work as a sole trader. If you are a director of a public limited company, this is different again.
At Silks, our aim is to make sure you know what the law expects of you. We want you to be confident that your legal structure is right for you and your business. We want you to be confident that you have the right legal documents in place. We want to help make your business a success and to have the right foundations for growth.
Silks is the choice of many successful businesses across the UK – to find out how we can support your needs, call us on 0121 511 2233.
Legally registering your business is sometimes referred to as incorporation. It is generally called company formation. Regardless of its name, what is important is that you form your company in the way that you intend. There are many different company structures in the UK – from a community interest company to a public limited company. Our lawyers help you decide what is best for you.
Silks Solicitors aims to help get you ready to set up your company as quickly and as efficiently as possible. To start a company, you will need to have certain information ready such as the company name and address, details of the company officers through to share capital and shareholder details. We can assist you with every step.
There are different ways to start a company. We help you decide which process is best for you depending upon the complexity of your business structure. If you want us to manage this process for you, our experienced lawyers can do this. All you need to do is wait for our regular updates.
We make the process of turning your idea in to a business as simple as possible. At Silks, we know that you want to run as quickly as you can, so we take the baby steps for you. If you’d like to talk to us about how we can help you please call us on 0121 511 2233.
Contracts and Agreements
Silks Solicitors knows the importance of a well-drafted contract. It sets out how your business works with another. Someone makes a promise. A promise to do something in return for consideration, as it is called. The law of contracts is at the heart of most business dealings so it is important to get it right.
There are many types of contracts ranging from the simple to the more complex. Contracts can be a series of documents to ‘joint and several’. What you want to ensure is that the other party does what they promise. If there is a problem along the way, you want to be sure that the necessary safeguards are in place. Safeguards that help protect you, your business and your reputation.
In years gone by, a handshake sealed the deal. Today, Silks provides the same assurance to business owners everywhere. To ensure your interests are covered, contact us on 0121 511 2233 today.
The law requires you to protect other people’s personal information or data. Knowing what counts as personal data is important, as is how you manage or process this data, how you store it and what you need to do when you receive a ‘subject access request’. Showing that you are a responsible business is important.
Data protection legislation can seem complicated. The language is unusual, confusing even. We understand that you just want to run your business. However, not knowing is not an excuse. Part-and-parcel of what we do at Silks Solicitors is to make this simple for you. We provide easy to understand advice on what you need to do, and how best to do it.
To protect your business, contact one of our friendly, expert solicitors today on 0121 511 2233.
At Silks, we understand that most business owners start out with a dream or an idea. For the dream to succeed, it needs to be part of a financially well-run business. A company that employs staff must comply with HM Revenue and Customs regulations. There are rules on money laundering and receiving or giving gifts. Tax planning is important. How directors are paid will need to be thought about. The legal structure of your business can affect your financial situation too.
Once we understand how your business is set up, we offer the most appropriate advice. We tell you what you have to do, and how to go about it. This is all explained in plain English.
To ensure your business is as well cared for as your idea, please give us a call on 0121 511 2233. We’ll do what we’re great at, so you’re free to follow your dream.
Health and Safety Compliance
Safety at work has been around for a while. Knowing what to do, and how to go about it, is still a challenge for many businesses. New legislation means the welfare of employees can sometimes drop down the list of priorities. Keeping people safe takes time; investment and knowing where to start would help. Safety at work is not just about physical safety either, mental wellbeing is important too.
Silks Solicitors can help your business assess and manage its risk. We can direct you on the appropriate processes and procedures too. Ones that make you look in control. At Silks Solicitors, we only feel safe when you do.
For up-to-date advice and guidance on how to manage health and safety at your business, talk to one of our expert solicitors on 0121 511 2233. Our promise is that you’ll be in safe hands.
Joint ventures can seem straightforward. Both parties involved however need to be clear on what the venture relates to. How long will it exist, what to do with any assets or equity and who controls what. Shares, revenue time and investment will require some thought too. Since joint ventures can be arranged in different ways, both parties need to agree on which best suits their project.
Before entering in to any form of agreement, talk to one of our Silks’ experts. Our lawyers are amongst the best in the UK. Using our expertise, we work in partnership with you. We ensure your interests are documented and protected in the proper way.
At Silks, we work in partnership with you to allow you to make the best of your business partnership. Talk to us today and together, we can make the most of your new adventure.
Partnership and Shareholder Agreements
There are many legal entities. Some are more complicated than others. Every business owner needs to consider which arrangement is the most appropriate for them. Partnership agreements are a popular way to form a business. There are different partnership agreements, so it helps to know the difference.
Shareholder agreements set out certain agreements made by the business owners. These can be used to regulate ownership and voting rights. They can make provision for how capital contributions are to be made or how disputes between shareholders are to be resolved.
At Silks Solicitors, our knowledge of business agreements allows you to make the right choice. Our lawyers can be trusted to explain the benefits and risks of each. We explain matters in plain English, not legal jargon. Our aim is to make your decision the best one for your business.
So if you’re looking for expert legal advice for your business, call us today on 0121 511 2233.
Regulatory Compliance and Inspections
You need to know the rules and regulations that apply to your business. There may be industry bodies that are specific to you. General regulatory compliance could include how you handle data, or ensuring the safety of your employees and customers. Environmental considerations may also affect how you do business. It is also important that you have robust processes in place. Employees need to be trained and you need to demonstrate good management too.
Silks Solicitors’ experts can guide you through the laws and regulations relevant to your business. We will explain them to you in a simple but practical way. We deal with every query promptly. Since we have some of the best lawyers in the UK, you can be confident in the advice you receive. And as we explain our costs upfront – there are never any nasty surprises.
Regulatory compliance can be a headache for many businesses. Working with one of our expert local solicitors will help to ease your worry, so give us a call today on 0121 511 2233.