Law Society releases video guide to starting a business

The Law Society of Scotland has released a new video guide for members of the public who want to start their own business.

“Starting a new business” explains the different issues that can be encountered in the process of setting up a new company, and encourages viewers to seek advice from a solicitor.

Eilidh Wiseman, vice president of the Law Society , said: “Setting up a new business can be an exciting time but it also involves making some important decisions and a solicitor can help you to avoid problems further down the line.

“The best way to get advice when starting a new business is to see a local solicitor who can help to protect the business and avoid costly pitfalls.

“They can provide advice on a range of legal issues from data protection and product liability, to advising what you can say in promotional material, protecting your ideas and applying for licenses.”

The Society has also published a case study of Cheeky Chompers, the business launched by Scottish “mumpreneurs” Julie Wilson and Amy Livingstone.

The pair wrote: “Our top tip for anyone looking to start a new business would be that it’s best to leave legal matters to the experts!

“Don’t spend your time getting caught up in anything you can outsource – this will give you the time to focus on the areas of the business you can grow.

“The most important piece of legal advice we received was that we should focus on the business and let the professionals deal with legal matters.”

The three-and-a-half minute video is available on the Law Society website, alongside further information about how solicitors can help when starting a new business.