Establishing a business can be exciting … and exhausting! You may have a great idea you want to develop or you may want to purchase all or part of an existing business.
How you start is really important, so getting commercial legal advice can steer you in the right direction. A commercial lawyer who listens to your ideas, goals, circumstances and concerns can help you get the basics sorted, so that you can build a successful business from a strong foundation. This includes looking at:
- which business structure will be right for you– taking into account your overall circumstances and goals for the business; your liabilities and risks; and whether a trust structure might benefit you and minimise your tax obligations
- agreements that will make sure you are properly protected from the beginning – these can include a company constitution, shareholder (or partnership) agreements, employment contracts, lease agreement and financing.
If you have an interest in buying into a franchise, talk to us about franchising (you can see this series of blog posts here.)
And if you’re developing a startup, we have devoted a page on this to help you get up and running.