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Starting a Business

Name: Cartmell Shepherd Solicitors
Address: Cartmell Shepherd Viaduct House, Victoria Viaduct Carlisle, CA3 8EZ
Telephone: 01228 516 666

If you need to focus on a new venture’s success, let us take care of ensuring that it’s
legally sound.

Starting a new business is a time-consuming and cash flow-squeezing affair, even before you get to all the requirements and decisions the law demands. In order to help you set up your business successfully, we can advise you on and provide all of the basic documents you need to turn your dream into a reality, with a cost option to make our advice even more affordable. We’re also strong advocates of face-to-face discussions. That way, you get a real sense of our people and their knowhow, and have the opportunity to discuss the content of your legal documentation in-depth and in-person.

Our Business Start-up Expertise

Partnership agreements
Terms and conditions of business
Commercial property
Contracts of employment
Shareholder agreements
Debt recovery
Setting up a limited company
Directors Service Agreements

FAQs

Should I be a sole trader, partnership or limited company?

The right structure will depend on ownership, liability, tax, funding and your future plans. A limited company can offer greater separation between personal and business liabilities, while other structures may be simpler in some circumstances. Legal and tax advice can help you choose the appropriate option.

Should I be a company limited by guarantees or shares?

For most commercial businesses, a company limited by shares is usually the right choice, as it allows ownership to be divided between shareholders and profits to be distributed. A company limited by guarantee is more commonly used for charities, clubs, associations and other not-for-profit organisations.

Do I need bespoke articles of association?

Not always. The standard model articles are suitable for many companies, but bespoke articles are necessary where you want specific rules on decision-making, share transfers, different share classes, investor rights or succession.