We’re here with practical legal information for your business. Learn about employment law, company law and more.

Setting up a business involves complying with a range of legal requirements. Find out which ones apply to you and your new enterprise.

While poor governance can bring serious legal consequences, the law can also protect business owners and managers and help to prevent conflict.

Whether you want to raise finance, join forces with someone else, buy or sell a business, it pays to be aware of the legal implications.

From pay, hours and time off to discipline, grievance and hiring and firing employees, find out about your legal responsibilities as an employer.

Marketing matters. Marketing drives sales for businesses of all sizes by ensuring that customers think of their brand when they want to buy.

Commercial disputes can prove time-consuming, stressful and expensive, but having robust legal agreements can help to prevent them from occurring.

Whether your business owns or rents premises, your legal liabilities can be substantial. Commercial property law is complex, but you can avoid common pitfalls.

With information and sound advice, living up to your legal responsibilities to safeguard your employees, customers and visitors need not be difficult or costly.

As information technology continues to evolve, legislation must also change. It affects everything from data protection and online selling to internet policies for employees.

Intellectual property (IP) isn't solely relevant to larger businesses or those involved in developing innovative new products: all products have IP.

Knowing how and when you plan to sell or relinquish control of your business can help you to make better decisions and achieve the best possible outcome.

From bereavement, wills, inheritance, separation and divorce to selling a house, personal injury and traffic offences, learn more about your personal legal rights.

Social enterprises outperform traditional firms

25 September 2018

Social enterprises outperform traditional firmsThe value of the social enterprise sector has been "significantly underestimated" according to a new report.

The research, conducted by Social Enterprise UK and supported by the Co-op Group and Nationwide Building Society, has found that the combined contribution of social enterprise to the UK economy is £60bn - far more than the £24bn that had been previously estimated by the Government and Social Enterprise UK.

The report defines the sector as organisations with an enshrined primary social or environmental mission and which principally direct surpluses towards that mission.

For the first time, the research has considered the impact of 5,000 larger social enterprises, as well as small and medium-sized social enterprises. Altogether, there are around 100,000 social enterprises in the UK, contributing £60bn to the economy and employing two million people.

In total, social enterprises are worth around 3% of UK GDP - three times larger than the agricultural sector - and accounting for 5% of all UK employment.

The report reveals that more social enterprises are growing than traditional firms - 47% of social enterprises grew their turnover in the past 12 months, compared to 34% of all UK businesses. Social enterprises are also more innovative than other firms - 50% introduced a new product or service compared with 33% of SMEs.

The authors of the report are calling on the Government to back the growth of the social enterprise sector through a package of measures, including reform of the tax system to incentivise businesses that have a social as well as an economic impact on society.

Lord Victor Adebowale, chair of Social Enterprise UK, said: "We have 100,000 social enterprises which are working to transform our society whilst boosting the UK's competitiveness. Their £60 billion contribution to the UK is too big to ignore and is just the start of something that the Government must get behind. If it doesn't, there is a real risk that the UK will get left behind as other countries recognise social enterprise as the future of business."

Steve Murrells, ceo of the Co-op Group, said: "People-centred businesses in the UK are already flourishing and making a huge contribution to the UK economy … Some simple Government initiatives around regulation and tax could help to kick-start an expansion of the social enterprise sector and encourage more people-focused decision-making in business."

News type:

Stay up-to-date with business advice and news

Sign up to this lively and colourful newsletter for new and more established small businesses.

Contact us

Make an enquiry