26 Jan Top tips to a legally healthy 2021
Whether your business year starts now, or you are in your final quarter of your financial business year, you will have a good idea of what direction you want to take your business in 2021.
What does the future have in store for you? Whatever your plans, check out our handy tips for a legally healthy 2021.
Make time for the paperwork
Most businesses have had to adapt and change the way they operate during 2020. It’s more important than ever to ensure your business remains protected against risk and remains legally compliant. When did you last review your employee contracts or the terms and conditions with your suppliers and customers? Are they all drafted properly and still fully relevant to your business today? You may have expanded into new business areas or began trading online and this will require updates to some contracts. Just a simple check will help to reduce risks and potential legal disputes with your business. Contact us to arrange a review of your legal documents.
Understand your commercial lease
Commercial tenants and landlords across the UK found themselves in an unprecedented situation during 2020. The Government’s Coronavirus Act was warmly received and provided a short-term respite for businesses. Should it cease after March 2021, rent arrears will need to be cleared. If you need help to claim commercial rent due to you (read more here) or how to discuss rent arrears with a landlord, (read more here). Contact us today to explore the options available to you.
Review your shareholder agreement
Ensure your current agreement continues to cover all eventualities and still accurately reflects your plans for the business. Sadly, things do sometimes go wrong, and situations that friends, families and business partners would never have dreamed would happen, do happen. It’s not too late to put one in place and protect the business when a shareholder wants to leave or sell their shares. (Read more here.)
Know where to get help
Many small businesses, landlords and developers skip on the legalities, for fear of being overrun with legal fees. However, the costs to fix a situation after the event far outweigh the costs to protect you in advance. If you work with us, we’ll ensure you fully understand any charges before you instruct us. What’s more, you don’t need to look to city lawyers to get the best legal services or pay a London premium. Our team of company solicitors and commercial property solicitors have a reputation for ‘punching above their weight’, so you will receive a top-class service. Find out more about HRJ Foreman Laws Solicitors.
To make an appointment email info@hrjforemanlaws.co.uk or call Hitchin 01462 458711, Welwyn Garden City 01707 887 700.
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