What legal aspects do I need to consider when starting a business?
October 13, 2022 | 40,00 EUR | answered by Isabel Müller
Dear tax advisor,
I am planning to start my own business and launch a start-up. My name is Zofia Reuter, 35 years old, and I have extensive experience in the hospitality industry. After much consideration, I have decided to open my own small catering service. I have already developed a concept, thought about potential customers, and am full of enthusiasm.
However, the legal aspects of starting a business are a major concern for me. I am unsure about which steps to take and which laws and regulations I need to comply with. I am thinking about how to properly register my business, what insurances I need, how the VAT obligation works, and whether I need to enter into certain contracts or agreements.
Can you please explain in detail what legal aspects I need to consider when starting my business? What specific steps do I need to take to set up my business legally? Are there any specific laws or regulations I need to pay special attention to? And what possible pitfalls should I definitely avoid?
I would greatly appreciate your expert support and assistance on this important topic. Thank you in advance.
Sincerely,
Zofia Reuter
Dear Mrs. Reuter,
Thank you for your inquiry regarding the legal aspects of your planned start-up in the catering service sector. It is understandable that you may feel uncertain about this issue, as it is important to comply with all relevant laws and regulations in order to set up your business correctly from a legal standpoint.
At the beginning of your start-up, you should register your company with the relevant trade office. You will need to specify the type of catering service you offer and, if necessary, also submit a trade registration. Additionally, you should familiarize yourself with the professional and trade regulations to ensure that you meet all necessary requirements.
It is also important to take care of tax matters. You should register with the tax office to obtain a tax number. Depending on your company's turnover, you will need to decide whether to opt for VAT or if you want to make use of the small business regulation. Proper accounting and compliance with tax obligations should also be carefully planned from the outset.
Regarding insurance, it is advisable to arrange for business liability insurance to protect yourself against potential liability claims. Depending on the nature and scope of your business, additional insurances such as business interruption insurance or professional liability insurance may also be advisable.
When it comes to contracts and agreements, make sure they are clearly and unambiguously formulated to avoid misunderstandings or disputes. A legally sound contract can help protect your rights and obligations as a business owner and establish your business on a solid legal foundation.
It is important to consult with an experienced lawyer or tax advisor early on to clarify all legal aspects of your start-up and avoid potential pitfalls. Professional guidance can help you build your business successfully and prevent legal problems.
I hope that this information is helpful for your start-up and I am available to clarify any further questions you may have. I wish you success and joy in implementing your plans.
Best regards,
Isabel Müller
