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Article:
How to Avoid the Legal Pitfalls when Setting up Your New Business by: BrainyBusiness How To Avoid The Legal Pitfalls when Setting up Your Own Business No matter who you are you will make mistakes at some point in your business life and unfortunately the law is not very forgiving - ignorance is not a defence. Here are some of the common pitfalls to watch out for when setting up your own business. Partnerships A partnership is formed when two or more parties form to start a business, sharing the workload and investing capital to get things going. It is always wise to have a written partnership agreement and get it checked by a solicitor. If you do not have a proper agreement and it all goes wrong, the partnership will be covered by the Partnership Act '1890
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