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

What particular regulations do specific types of business (such as a hotel, or a printer, or a taxi firm) need to follow? We explain some of the key legal issues to consider for 200 types of business.

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.

How to start a home renovations business

If you're great at DIY or have been trained as a plumber, gas installer, electrician, builder, or any of the other associated trades in the construction industry, you might have considered starting a home renovations business. There are many benefits to striking out on your own. You will be your own boss. You can set your own hours and can choose which projects you take on.

As attractive as these are, there are also risks involved. You may struggle to generate enough work to pay the bills, you might face late payment and the resulting cash flow problems. Coupled with that is how much time and effort is involved in getting the business off the ground. This deters many potential entrepreneurs from taking the plunge. If you're determined to give it a go, then it's worth doing right.

How do you start a home renovations business that's set for success? There are a few steps involved.

Form a legal entity

While you might think that you can start working straight away, that isn't the case. When starting a home renovations business, you'll need to establish a legal entity. This will be the official company that all of your work is done through.

There are several options available, each with their benefits. These include:

  • Sole trader
  • Partnership
  • Limited Liability Company

You'll need to determine which of these is most appropriate for you. Much will depend on your appetite for risk, whether you will be working alone or with a business partner. Once you have decided on the legal form, you need to register with the relevant government bodies. Once that's done, it's you can open a bank accounts in your business' name.

Get the relevant licenses and insurance

Before you can start working on any projects, you'll need to get the proper licenses, certificates, and insurance. For example, all businesses and workers working on gas appliances are legally required to be registered with Gas Safe. As obvious as this is to many, the number of people who overlook this is surprising.

In many cases, you will require some form of formal qualification to carry out certain works safely and to the required standards. These will depend on what kind of construction you're involved in. If you know what you're doing, however, you should breeze through these.

Insurance is also mandatory in some cases. For example, you will need insurance if you have a work van. There are other types of insurance that can also cover you in the event of an employee or other person getting injured on the job.

Determine your speciality

There are quite a few home renovations companies that offer general construction services. Few provide specialised services. Narrowing down the services that you offer, such as house extensions, can help your company develop a reputation for that specific service.

When choosing your specialism, you should lean toward your skills. What areas do you excel in most? Are there ways that you can become more skilled or certified in it? Focusing on these means that you will end up offering a much better service in those areas than your competitors.

This should have a domino effect on your business; customers talk, and word-of-mouth marketing can be your company's best friend. Lean into this and ensure that you're outperforming competitors in your specific niche.

Wrapping up

Naturally, there are other steps involved in starting a home renovations business. These are identical to the steps involved in setting up any other type of company. For instance, you'll need to write your business plan, develop sales and marketing strategies, get your finances in order, and multiple other things if you want to start your business on a sure footing.

These can seem overwhelming when you first start out. Sitting down and taking a methodical approach will make the process much faster - and much easier - than you might anticipate. Before you know it, your home renovations company, will be taking the market by storm.

Copyright 2021. This article was made possible by Jeremy Bowler.

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