Tag Archive for Legal Advice

Writing a will: what business owners need to know about dividing assets

Most owner-managers have a pretty good idea of their net worth. As the years go by, they keep an eye on the increasing values of their assets and the annual accounts show them how much their business is worth. These days, it’s not unusual for this net figure to be quite substantial. With property price
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Stealing clients: How to stop employees poaching your customers

You’ve built up a thriving business with valued clients and staff, but now a key employee has announced they’re leaving and there’s whispers that they’re planning to take some clients and colleagues with them. How can you prevent employees stealing clients? It’s a common situation, and one that can devastate small firms. That’s why the
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Five areas of employment law small businesses must be aware of

Before taking on any employees, it’s important to grasp the basics of employment law. Otherwise, you could become unstuck. Here are some of the things you need to know. Employment contracts There is no legal requirement to provide a written employment contract but it is advisable to have one so the terms of employment are
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Illegal working: Why small businesses should question Home Office fines

Small businesses targeted by immigration enforcement face fines of up to £20,000 per illegal worker. But, as immigration lawyer Anne Morris explains, the Home Office has a track record of failing to follow its own processes correctly, meaning businesses often don’t realise they have grounds to challenge the penalty. UK employers have a legal duty
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Small business legal mistakes – and how to avoid them

This month my company (A City Law Firm) marked our ten-year anniversary, which has made me think back to our first year, how we started and some of the early mistakes we made. For one thing, within a year of our launch, we had to restructure the entire business and there were so many hurdles
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