When starting a business, it is of paramount importance to consider the legal implications involved. This can make the difference between your business becoming a long-term success or a business flop, or even worse, finding yourself in legal or financial difficulty.
With that in mind, we have developed this guide to help you think about the various legal considerations that could help safeguard your start-up from encountering problems throughout your business lifecycle.
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We understand that starting and running a business can be costly, particularly in the beginning when the business is pre-revenue. This often leads to people taking cost-cutting measures when it comes to the business legalities such as attempting to draft legal documents themselves or using online templates or online legal service providers who provide low-cost solutions. While we understand the desire to save costs, this is something we would strongly urge people against doing because it can often result in much higher financial implications when things go wrong down the line.
Regardless of what stage you are at in your business, the financial capital you have, and your business type, it’s always a good idea to get some advice from a lawyer from the outset. A lawyer will be able to advise you on the legal aspects you need to consider for your specific business and where you should be focusing your finances in this respect. Redfern Legal offer a 30 to 45 minute free consultation where we can discuss such things and then provide you with a quote on a no-obligation basis.
