The UK has about 5.5 million private sector businesses and around 99% of them are small and medium-size enterprises (SMEs). SMEs often only engage with a lawyer when things go wrong, as research by the Legal Services Board shows. But, the research also outlined that SMEs are estimated to be losing £9.79bn annually from legal problems.
We believe that getting legal advice at an early stage can help prevent future problems which divert your attention away from running your business.
Why Might An SME Need Legal Support?
The first step to starting a successful business is establishing the most appropriate structure.. Getting the right structure can help your business be sustainable and cost efficient.
Once you’ve chosen the right structure, you may want help to acquire or lease business premises. You might also need guidance on tax issues, regulation and protecting your intellectual property rights. Finally, if you are employing staff, you may want to develop tailor made employment contracts for the different levels of staff at the business. This could be for directors, junior employees or contractors.
As a business owner, you know that legal problems can have serious financial consequences. Some outcomes are:
- Loss of income
Loss of customers/ contracts
Inability to complete scheduled works
Damage to reputation
Damage to relationships with another businesses
Inability to take on new work
Health problems for those involved in dealing with the legal issue
With the right legal help at the right time, you can avoid many of these legal issues. This could save you money in the long run and help redirect your valuable time to growing and building your business.
We work with a number of SMEs in the South West and beyond. The types of issues we have dealt with in the last 12 months include:
Technicalities of forming a business
Take-over of another business and mergers with another business
Maintenance of the business premises by the landlord
Negotiating the terms of a lease
Dealing with staff misconduct
Advising on dismissal and redundancy
Providing employers with support for complaints/ grievances
Chasing and disputing rent arrears
Addressing problems concerning the quality/ delivery/ non- payment of goods
Advising on partnership/ shareholder disputes and the breaking up of a partnership
Restructuring a business
Advising directors on their duties in relation to fraudulent and wrongful trading
How We Can Help
We can provide you with good quality and affordable legal services. We’ll get to know your business and provide practical steps to help you focus on the issues which are most important to its success. When you need help, we’ll be there for you.
We understand that SMEs are worried about the cost of instructing a solicitor. Depending on what help you need, there are options for fixed fee agreements or discounted fee arrangements linked to us achieving a successful outcome for you.
We will always try to offer you a suitable funding model to give you as much certainty as possible about what you’ll pay and what you’ll get for your money.
We look forward to supporting you and your business.
Call us on 0117 926 4121 to hear more about what we can do for you or make a Free Online Enquiry.