The team at Tide notes that if you starting a company for the first time, then it’s really important to take legal advice so that you can “ensure you are protecting your business from the start.”
Tide has partnered with LawBite, the online legal platform, to offer convenient access to professional help that is “fast and affordable.”
Tide members reportedly get a free 15-minute consultation from one of the legal experts at LawBite, and also “receive extra discounts (10% for Tide Members and 20% for Tide Plus members) on any commercial or corporate legal advice your business needs from LawBite.”
Tide points out that deciding to start your own business can be an exciting time, but can also be “a daunting process if you have never done it before.”
To ensure you are protecting your business from the start, Tide recommends:
- Defining your business plan, including your scope, targets, and how you will achieve them
- Protecting your business idea and your intellectual property rights
- Choosing the right business structure for your start-up to run your business
- Considering different sources of funding available
- Negotiating the right contracts with your different stakeholders
- Complying with GDPR and the laws and regulations that apply to your sector
Tide has shared a comprehensive guide that explains in detail why it is important to deal with the legal issues “in the right way from the start in order to avoid big problems in the future.”
According to Tide, it’s vital to work with an experienced Commercial Solicitor who can “provide you with the expert legal advice you need.”
The company also noted that if you are already a business owner or if you are considering starting your own business, you may have read a lot about how to get ready for the “entrepreneurial journey.”
The firm also noted that regardless of the number of recommended steps, “dealing with legal issues is always on the list.”
That’s why Tide has prepared a guide that goes over the common legal issues and how small businesses might deal with them in an effective manner.