These are a few of the policies you would need to consider when opening up your business and with a subject matter so wide it is best to obtain advice from a registered (FCA) Financial Conduct Authority broker who will talk you through all the policies that they think would apply to your business and explain why again this service is normally free of charge.
Legal requirement you can appoint a solicitor to look at the company structure and provide you with necessary terms of business agreements that you need to provide your clients with and they will be able to advise you on company regulations (GDPR) General Data Protection Regulation, and your responsibilities. Although for a start-up unless being funded or invested in this could be costly.
Having spoken to the Bank, Accountant, and Insurance Adviser and if say you are a sole trader working from home you probably don’t need to obtain legal advice to start trading but you must be aware of new regulations which you can research online for example GDPR/ICO came into force last year and it does affect the way we approach other companies and people when we market to them… and naturally as a new business we assume you will be sending out marketing to attract clients to you... We would of course always point out that if you are in doubt at all about the laws and regulations that may apply you should always seek legal advice particularly if you are being asked to sign lease agreement for renting properties or business contracts.
Now onto the exciting part choosing your name, logo, building your website, getting your business cards and headed paper designed, there are still some rules here of course like you cannot choose a name already being traded in, you must not copy or have a logo that look like another businesses logo, you must make sure you have the appropriate warnings and declarations on your website, you will need to get your website hosted and obtain your e-mail addresses where necessary protect your own trademark and copyrights.
This might seem all very daunting now but it will be worth it in the end just look at it as the first learning curve of running your business and that you will be controlling your own destiny... you will work harder than you ever have but the difference is it’s your business and you can wake up in the morning knowing you have the choice!! Some organisations and regulators that can give you advice and independent overview about some of the above FCA (Financial Conduct Authority), ICO (Information Commissioner`s Office), ICA (Institute of Chartered Accountants), The Law society IPO (Intellectual Property Office).
Good Luck and do feel free to contact us