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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.

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.

Government backs UK firms with new funding

17 April 2019

Glass pots with growing plantsThe government has provided £200 million of additional funding via the British Business Bank to support innovative start-ups and small firms that require finance to grow.

The government said the extra funding is intended to support high-growth firms "as the UK leaves the EU and the relationship with the European Investment Fund changes".

The British Business Bank will provide funds through its venture capital and growth finance funding partners. This type of funding has traditionally been sought by fast-growing firms in the science and technology sectors.

"The UK is creating more start-ups and attracting more venture capital funding than any other European country, but we want to do more to ensure our small businesses and entrepreneurs can thrive," said Exchequer secretary Robert Jenrick.

"That's why we are injecting a further £200 million into the British Business Bank, specifically to back businesses that are starting out and scaling up."

Business minister Kelly Tolhurst said: "We are fully committed to supporting small businesses to succeed as part of our modern Industrial Strategy, while building the UK's status as one of the best places to start and grow a small business. This funding, supported by the government-backed British Business Bank, will play a key role in supporting innovative firms access the finance they need to grow and thrive."

Keith Morgan, ceo of the British Business Bank, said: "We welcome HM Treasury's confirmation today that this allocation of £200 million is now available to increase provision of much-needed scale-up capital for innovative businesses across the UK. We look forward to putting the funding to good use through our delivery partners to enable such businesses to get the funding they need to grow and prosper."

The British Business Bank currently provides more than £5.9 billion of funding to 82,000 smaller businesses.

Written by Rachel Miller.

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