What are the legal basics you should know for your business? In this episode of Start Scale Succeed, Nicole is joined by Babs Jamieson founder of Jamieson Law, and host of Legal Leverage podcast. Hear all about their mission to make legal easy to understand, straight forward, and easy to apply. Find out what are the legal basics you need to have in place and to have considered when starting out. 

 

KEY TAKEAWAYS

• Make sure you set up the right structure for your business. Are you getting the right tax benefits that are right for you if you’re a sole trader or a company. As a sole trader, if your company get sued, then you get sued. A sole trader would have fewer admin to do.
• It's vital to register with data a protection company in the country you’re operating.
• Make sure you have insurance. Public liability and usually professional indemnitee as well.
• Website terms and conditions are your contract with your online customer base. So ensure they are covering you and also have your privacy policy easily accessible and accurate.
• Just because you’ve named your company or have a website domain name doesn’t mean you own that name. Trademark your name, branding, and logo. The only reason you shouldn’t do that yet is if you’re so new that doing so is unaffordable.
• When applying for your trademark, Babs recommends using the Right Start Process, you’re essentially paying an extra £30 for advice that will make sure your application is accepted. Also, when applying for a more generic name then ensure you have things like logos and branding included in your application as it’s more likely to be accepted.

 

BEST MOMENTS

‘Someone could come along and trademark your name if you haven’t’

‘If you’re a product business listening and you don’t have an e-mail list, you should!’

 

ABOUT THE GUEST

Babs is qualified in England, Scotland, Ireland, New York and California, and advises on a wide range of corporate and commercial law matters.

She saw the issues with the legal sector and was on a one-woman mission to shake things up! Babs has worked in big law firms, and with lots of small to medium-sized businesses, and knows there is a disconnect between what clients are looking for, and how big firms treat their clients.

Babs places huge value on building relationships - understanding a client’s business, supporting a growth journey, and being that port of call along the way.

She believes that all legal advice should be easy to understand, straightforward and easy to apply.

VALUABLE RESOURCES

https://jamiesonlaw.legal/free-resources/

https://jamiesonlaw.legal

www.instagram.com/babsjamiesonlawyer

ABOUT THE HOST

Buying & retail expert Nicole Higgins spent the last 18 years working for companies such as Primark, M&S, Debenhams and Asda, sourcing & developing products from all over the world, building strategies for blue chip businesses, and increasing bottom line sales and profit, adding over £40 million in incremental business to the bottom line.

Nicole now uses that experience and works as a consultant and coach for entrepreneurs and small to medium sized business owners, helping them start and scale their product businesses as The Buyer And Retail Coach (TM)

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