Kiteleys Solicitors

Kiteleys Solicitors. 7 St. Stephen's Court, 15-17 St. Stephen's Road, Bournemouth, Dorset. BH2 6LA. Telephone 01425 278866.
Kiteleys Solicitors is the trading style of Kiteleys Solicitors Limited registered in England and Wales, registered number 03113721. VAT Registration No: 658 8813 79.
This firm is authorised and regulated by the Solicitors Regulation Authority. A list of directors is available for inspection at our registered office.

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An eye on the law

At Kiteleys we are a team of experienced solicitors, all very enthusiastic about our own specialist areas of the law.

We use this area to share both our own and national news items which we think you might find interesting.

Please feel free to browse and comment on anything that takes your interest.

2nd January 2013

New year…new business

With the bringing in of a New Year many believe this is the spark to fire off a brand new idea too. If this becomes a business idea then to get things off on the right footings and get things moving quickly and easily looking at the essential paperwork is vital.

Companies House is the best place to start and getting your company name registered which you are going to need to get that all important business bank account. You may find the process to comply to Companies House rather complex, you can either use a formation company or a solicitor who will handle this on your behalf.

At this point you are going to have to decide what company formation is right for you and or your partner(s).

• Sole trader. This describes any business that is owned and controlled by one person, this doesn’t effect your ability to employ workers, but generally expects a more modest income. This is perfect for smaller one-man-band style businesses and cuts down on long-winded accounting obligation.
• Partnership. These are businesses owned by two or more people and this is in many ways an extension of the sole trader model.
• Limited liability company (LLC). A limited company allows those involved to keep their own assets and finances separate from the business itself. The most common type of LLC is the private limited company (PLC), with public limited companies issuing shares to trade on the stock market.
• Limited liability partnership (LLP). Introduced in April 2001, the LLP is the UK’s newest business vehicle. It is the bridge between a traditional partnership and a LLC and often favoured by solicitors.

So when the company formation paperwork is completed you need to think where you are gong to trade i.e whether from home or through business premises. Renting premises are most popular but does require lots of documentation given the ever-growing commercial property regulations and legislations.

Getting you business brand identity and authenticated including any patents, licenses, copyright issues and intellectual property approvals can be a minefield. Most simply prepared through a solicitor who can break down the sections and verify them to make sure you are fully protected.

If you are thinking of employing help, any amount of people over five will require additional paperwork, process and legal requirements, again which is ever-changing. Getting knowledgeable help on this could prove invaluable as can be costly if certain regulations are not adhered to.

If you would lie to speak to someone who can provide advice and answer questions on all business legalities, contact Kiteleys on 01425 278866.

Posted by Kiteleys.

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Kiteleys Solicitors. 40 Haven Road, Canford Cliffs, Poole, Dorset. BH13 7LP. Telephone 01425 278866.
Kiteleys Solicitors is the trading style of Kiteleys Solicitors Limited registered in England and Wales, registered number 03113721. VAT Registration No: 658 8813 79.
This firm is authorised and regulated by the Solicitors Regulation Authority. A list of directors is available for inspection at our registered office.