Friday 27 August 2010

Higgs helps Phoenix rise

Leading regional law firm Higgs & Sons has advised a new start up business in Willenhall.

Phoenix Cutting Services, which is a service provider to the UK packaging industry, was advised by Richard Griffiths, a solicitor in Higgs’ corporate department.

Speaking of his work with Phoenix, Richard said: “It’s essential for new businesses to seek proper legal advice from the outset. Early consideration of potential issues and having well drafted agreements in place will provide security and will almost certainly save time and expense later.”

Scott Hilton, a director and shareholder of Phoenix said that Higgs’ advice and guidance had proved invaluable: “Richard supported us across the whole start up including helping with the lease of our premises, advising us on banking arrangements and guiding us on our business structure and shareholdings.

“One important part of Richard’s work was our shareholder agreement document, which provides a clear decision making procedure and an agreed means of resolution should there be a dispute. This should significantly reduce the possibility of a serious fall out which can obviously happen in business!”

Richard said: “For anyone starting a new business, there are many things to consider, from employment contracts to terms and conditions of business and protecting intellectual property.

“We appreciate that money may initially be tight for start up businesses, however we always look to agree fixed costs for any necessary legal work, enabling business owners to budget more effectively.”

If you are considering setting up a new business and wish to discuss the potential legal issues contact Richard Griffiths directly on 0845 111 5050 to arrange a free initial consultation.

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