Starting Your Own Business
Even in recessionary times, it is surprising the number of new ventures and businesses which start up. Sometimes the receipt of a redundancy payment is a spark or incentive that a person needs to put a long thought of business plan or idea into motion.
What is involved in Starting a new Business?
- Do I need to form a Limited Company?
- If I am going into business with other people how do we structure the arrangement?
- Do we need to set up a Partnership?
- What advice do I need and from who?
- Do I buy, rent, or lease premises to start the business in? Does it have the right Planning Permission?
- Are there any Environmental Regulations that I need to consider before I start?
- Are there any Government Agencies which will give assistance or advice
- Are there Incubator Units available at subsidised rents for new business start-ups?
- Do I need an Accountant?
- What do I need to do about Tax such as VAT PAYE PRSI etc?
- Do I need to take out insurance
- How do I retain title in my goods until I have been paid?
- How do I ensure payment for goods supplied even with retention of title?
- How to I negotiate the terms and conditions of the Lease, in particular the amount of rent or any break clauses in the Lease?
- What are my obligations to any employees that I may have?
- Are they entitled to contracts of employment?
- What rights do employees have in relation to unfair dismissal or redundancy, maternity leave, discrimination or pensions?
- What rights do I have to dismiss an employee for dishonesty, poor workmanship, fighting with, or bullying other employees?
- How do I chase outstanding debts?
- Should I register a trade name if I have a new invention? Can I register it as a patent or a trade mark?
- What is “Passing-Off” and how do I protect my Intellectual Property in my goods?
- How do I secure my relationship with my co-investors?
- How do I agree the terms and conditions of a Shareholders Agreement or Partnership Agreement?
- What happens to my business if my co-investor dies?
We at Steen O’Reilly can advise you on all of the above matters.
We at Steen O Reilly will advise and guide you through the maze involved in setting up in business and will ensure that you are fully informed of your legal rights and standing in all of the above areas. Please make an appointment to see us. YOUR FIRST CONSULTATION WILL BE FREE OF CHARGE.
Also See:
Information Technology / Intellectual Property
Wills Probate and Estate Planning