Trading
Getting Started
Trading
You will have already undertaken market research and raised finance to enable you to begin trading, but there are other matters that you ought to consider in order to protect your business.
The choice of premises from which you are going to trade is often an important decision. The lawyers in the Borneos commercial property department can help and guide you. You may wish to know the benefits of taking a lease rather than a licence, whether a new lease should be granted or if you should take an assignment of an existing lease.
Whether you are operating in the service sector, the manufacturing industry or the supply and sale of goods, you should consider preparing standard terms and conditions of trading. Terms and conditions will help reduce your risks and potential liability. This is discussed in further detail on this website. For more information please see our section on Terms and Conditions of Business.
Another important factor is adequate insurance for your business. If you have employees working for you must have adequate employers' liability insurance. Many businesses should also have public liability insurance and/or professional indemnity insurance.
Depending on the area in which you are trading, you may need licences for your business. Some licences are required as a matter of law, e.g. wines and spirits trade, medical practices, taxi services, etc. It is also necessary to ensure that you have adequate licences for the software you are using for your business.
In order to protect your business ideas, products and branding, you may wish to seek advice from our lawyers who specialise in intellectual property to help you decide the best way to establish and protect the branding of your business.
If you would like to discuss how we might help you, please:
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call any of our office numbers listed at the bottom of this page;
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contact one of our specialists direct by clicking on their name below; or
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complete our enquiry form
Members of our team specialising in this area:
