SMEs need to watch out and act ahead of the new GDPR regulation which is due to come into effect on 25 May 2018. No matter how small you are, you will have to comply with the legislation governing the secure collection, storage and usage of personal information.
Are you looking for ways to remain in better control of your assets? Do you contemplate minimising your tax liability? Have you thought of protecting your assets from creditors in times of financial difficulty?
If a romantic partner kept the home fire burning, managed the expenses, contributed to the bills and joined in your ‘friendship circle’ when you were together, do not be shocked that he/she will also want a share of the house if the relationship falls apart – it is time for you to take a step back and plan ahead to protect your assets. You may find it helpful to learn about the ‘ins and outs’ of how cohabitation and the division of proprietary assets work in the United Kingdom.
If you are thinking about becoming the next Amazon, Facebook or Google, you are probably working on designing a business plan that covers finances, marketing, and market research. The reality, however, is that there is an additional component to the ‘success equation’ as you will also need some guidance to understand the basic legal requirements to start your online business.