Listen to the podcast

Nick Mayles and Caroline Nicholls, who are both solicitors on the Corporate and Commercial team, recently joined Dream 100’s Murf (Jonathan Murphy) to discuss company law and business start ups.

In the first part of a three part series, the three discuss:

  • What Corporate and Commercial law is
  • The types of businesses and organisations that a Corporate and Commercial lawyer deals with
  • Starting a new business and how a lawyer can contribute to the overall success
  • The types of ownership structures a business can adopt
  • What it means to be a sole trader
  • Things a sole trader should consider when starting a business
  • What is a partnership?

In part two, Nick and Caroline continue their explanation of the four different business structures and the formalities and practicalities associated with each:

  • What a company structure is
  • The difference between a sole trader/partnership and a company
  • Advantages and disadvantages of a company structure
  • Tax implications for a company
  • The definition of an Limited Liability Partnership (LLP)
  • The practicalities of running a business with the four structures mentioned
  • Importance of agreements such as partnership and shareholders’ agreements within a business

In part three, Nick and Caroline discuss with Murf:

  • Important things someone should consider when starting a business, for example, trading terms, contracts of employment, finance
  • Advice for someone who is thinking about starting a business