Starting up a new company can be an exciting opportunity and doing so is very popular in the UK. Between October and December 2017, there were 146,852 company incorporations registered with Companies House, in fact, as quoted in the Financial Times in October 2017, Simon Rogerson, chief executive of Octopus and overall winner of 2017 EY Entrepreneur of the Year UK award, says “Other than the US, the UK is unrivalled as a place to start and grow a business”.
However, after five years, only four in ten new businesses will be still be trading. In order to help your business, succeed, it is recommended that you seek legal advice from the start.
When starting a new company, there are many things to think about, some may seem obvious, or you will already be aware of, for example branding, websites, email domains and hiring staff. However, there are many things you may not have considered. Moorcrofts have therefore put together a factsheet detailing important aspects to your business, to ensure you are set up correctly, and help navigate the legal side of starting up.
The helpful factsheet provides more information on a variety of important considerations, including:
• The application to incorporate the company
• The articles of association
• Shareholders’ agreement
• Business premises
• Employment contracts
• Terms and conditions
• Licences or permits
• Intellectual property
• Company books and annual filings
For assistance with starting up your company or if you are interested in any of the above services, please contact Teri Hunter on t: 01628 470 004 or e: firstname.lastname@example.org.