It makes sense to have any business partnership formalised in writing professionally to keep everyone happy and to set the ground rules of the business. The following case shows what happens if you don’t.
The Court of Appeal heard a case where a steel manufacturer had been fine £1,985,000 for breeches in Health and Safety. These fines are intended as a warning to others that the matter was taken seriously.
As a company owner it is important to secure its future if you are not around. Without preparation, chaos could ensue for those left behind. As part of the business planning legal advice should be sought to secure your company’s future.
Health and Safety is regarded as paramount and any breach will be punished as judges made clear in the following case where a worker lost his toes by industrial machinery. The packaging firm was fined a significant amount of money.
If you’re a budding entrepreneur and think it’s time you were your own boss or want to form a partnership or limited company and conquer the business world, then here is some top information on how to ensure success.