Enrolment options
In this course you will learn about the legal considerations that you will need to take when starting a business. As well as this you will also look into costs and cashflow of a business.
Introduction
When starting a new business, it is important to understand the legalities which can impact the business. The legalities of setting up a new business can be complex, and it would be beneficial to seek advice from organisations which offer support to business start-ups such as Business Gateway including legal issues surround the business structure, intellectual property, tax & NI and employing staff.
The implications of getting it wrong can be severe for a business and could result in heavy fines, loss of reputation, prosecution or imprisonment.
There are a number of options available for start-ups when deciding what legal structure to put in place for the business:
- Sole Trader
- Partnership
- Franchise
- Limited company
If the limited company route is chosen, the business must be registered with Companies House.
You will learn
- Types of business structure
- Business functions
- Legal considerations