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Setting up a business involves complying with a range of legal requirements. Find out which ones apply to you and your new enterprise.

While poor governance can bring serious legal consequences, the law can also protect business owners and managers and help to prevent conflict.

Whether you want to raise finance, join forces with someone else, buy or sell a business, it pays to be aware of the legal implications.

From pay, hours and time off to discipline, grievance and hiring and firing employees, find out about your legal responsibilities as an employer.

Marketing matters. Marketing drives sales for businesses of all sizes by ensuring that customers think of their brand when they want to buy.

Commercial disputes can prove time-consuming, stressful and expensive, but having robust legal agreements can help to prevent them from occurring.

Whether your business owns or rents premises, your legal liabilities can be substantial. Commercial property law is complex, but you can avoid common pitfalls.

With information and sound advice, living up to your legal responsibilities to safeguard your employees, customers and visitors need not be difficult or costly.

As information technology continues to evolve, legislation must also change. It affects everything from data protection and online selling to internet policies for employees.

Intellectual property (IP) isn't solely relevant to larger businesses or those involved in developing innovative new products: all products have IP.

Knowing how and when you plan to sell or relinquish control of your business can help you to make better decisions and achieve the best possible outcome.

From bereavement, wills, inheritance, separation and divorce to selling a house, personal injury and traffic offences, learn more about your personal legal rights.

Average start-up costs revealed

16 May 2018

Average start-up costs revealedA new study has calculated the typical costs for setting up a business in the UK.

Research conducted by Quotemyenergy has found that solopreneurs are likely to need £30,000 for their first year in business. This includes paying for the cost of a co-working space (around £3,500 for a year) as well as core costs such as company set-up, insurance and building a website.

The average cost of setting up a retail business is considerably higher. The findings show that retailers need £172,000 for the first year. Renting retail premises and storage space can cost more than £37,000; while buying a store space will cost a six-figure sum. Stock, tills and staff are also expenses that would-be retailers would need to factor in, including the cost of employees' NI payments and insurance.

The research finds that tech entrepreneurs need the biggest start-up fund. On average, £380,000 is needed for the first year to pay for office space, specialist staff and the equipment required to run a successful technology business.

The research finds that office premises are likely to be the biggest first year expense for any start-up and employees are likely to be the second biggest drain on the purse strings - especially with National Insurance, employee insurance and recruitment fees on top of salaries.

Earlier this year, a survey by accounting software provider FreeAgent found that 11% of Brits intend to start a business in 2018. The findings also found, however, that the two biggest issues holding back would-be entrepreneurs were start-up costs and worries about managing company finances.

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