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Small Business Act for Europe

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From the Lawyer 19th September – “On 9th September, the European Commission published a public consultation on the Small Business Act for Europe, to gather feedback on how upcoming legislation to support small and medium-sized enterprises (SMEs) and entrepreneurs should be drafted.

The European Commission has already adopted what it calls a multi-annual financial framework, earmarking a budget of €2.3bn (£1.8bn) to SMEs until 2020 through the COSME (Competitiveness of Enterprises and Small and Medium-sized Enterprises) programme and a further €9bn through the Horizon 2020 initiative supporting research and innovation. However, as well as providing financial support, it is also looking to help SMEs by reducing administrative compliance or over-burdensome regulations.”

Margaret Evans, Commercial Partner at FDR Law comments “this public consultation is long overdue and any legislation or guidance that will help young businesses and entrepreneurs would be welcomed.  In our experience the first 12 months of trading for startup companies is crucial.  

We work closely with individuals and groups looking to start their own business to guide them through the myriad of costs and the legal aspects involved.  

Typically these issues can include; how the business is registered – limited company, partnership, LLP or sole trader, concerns around employment (or contractors) and commercial property queries, in particular should you buy or lease your business premises”

For information on the FDR Business Start up Service, contact Margaret Evans on 01925 230000 to discuss or arrange an initial half hour meeting free of charge.