Leeds-based law firm Lee & Priestley LLP is aiming to help entrepreneurs from the across the region to avoid seeing their new business fail in the first few months of life, with the launch of a new specialist advisory service.

The firm offers a ‘Business Start-up Package’ to both experienced and budding entrepreneurs planning new business ventures.  Qualified legal advisors provide expert guidance by helping get the structure of their businesses right from the outset so as to minimise problems later down the line.

The number of UK business failures is predicted to continue to increase next year. According to a report from leading accountancy and business advisory firm BDO Stoy Hayward, whose Industry Watch report forecasts that because of economic conditions, business failures will reach a peak of 40,400 in 2010 – representing 110 business failures every day.

However, many industry observers now believe that it will be the spirit of entrepreneurial adventure that helps the UK economy to recover and grow in the longer term.  In order to help those wishing to take a step into the unknown Lee & Priestley have developed a new low cost package tailored to guide those wishing to invest in such new ventures.

Lee & Priestley’s 'Business Start-up Package' is structured to provide comprehensive support for anyone considering setting up a new business venture by providing not only the correct legal foundation for a new business but looking at a range of commercial and management issues as well.

Dominic Lush at Lee & Priestley explains: “it usually doesn’t matter what level of experience people have, in most situations the issues involved in setting up a new start-up venture are complex and unique. It is critical to get structured and professional advice, right from the start. The lack of individual service with off the shelf kits often leads to the more costly exercise of replacing a company's constitutional and trading documents further down the line.  Getting the initial formation, legal and intellectual property protection and trading documentation wrong at the outset can implant a flaw in the business from day one.”

The Business Start-Up package aims to provide a suitable structure for fledgling businesses, whilst ensuring that the owners make the right connections to help it get off the ground. Mindful of costs at such a critical early stage the package is available at a fixed cost which can be paid in monthly interest free installments.

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