It is really important to seek independent legal advice before seriously embarking on any new business venture.
You may feel that running a home business has very little legal risk, but the reality is it is really little different from setting up any business enterprise.
You need to be sure that what you intend to do is legal by seeking appropriate legal advice early on in your planning - and continuing to seek counsel any time you plan to make significant changes to your business.
The full legal implications of what you are doing, plus any recent changes to the law will be highlighted by a law professional.
You can then remove any foreseeable legal risks from your plans, and minimize any risk to you, your business and your finances and assets.
It may be that after getting advice from a lawyer, you will need to make some changes to your business and the way you operate.
SOME THINGS TO CONSIDER:
These are just a few things you may have to factor into your business plan.
You will save yourself a lot of time, and potentially money, the sooner you work out the legal ramifications of your actions.
When you set up a home business you need to consider your Insurance requirements.
This is a really important consideration for many reasons:
SO GET SOME INSURANCE ADVICE ALONG WITH THE LEGAL ADVICE.
Even with all the professional help you need, at the end of the day, nothing beats doing your own research too.
You need to feel comfortable talking with the experts you hire about what you are planning. And you need to understand the basics of what you are entering into.
This doesn't need to be hard work.
A good rule of thumb when you are researching : if the person / company offering advice will benefit in some way from giving it, you should not just accept the information as correct.
Sure, we understand that it can still be genuine advice - but it still pays to remain aware. Even good information and advice may not be the right answer for you. An easy way to verify information is to find 3 or more sources, and simply compare notes.Go from Legal Advice to Types of Businesses