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Setting up a business involves complying with a range of legal requirements. Find out which ones apply to you and your new enterprise.

Every business needs to be aware of its obligations under minimum wage and equal pay laws, as well as recent pensions auto-enrolment changes.

What particular regulations do specific types of business (such as a hotel, or a printer, or a taxi firm) need to follow? We explain some of the key legal issues to consider for 200 types of business.

While poor governance can bring serious legal consequences, the law can also protect business owners and managers and help to prevent conflict.

You must comply with legal restrictions on employees' working hours and time off, or risk claims, enforcement action and even prosecution.

The right employment policies are an essential part of effective staff management. Make sure any policy is clear and well communicated to employees.

Whether you want to raise finance, join forces with someone else, buy or sell a business, it pays to be aware of the legal implications.

While sick employees need to be treated fairly, you need to ensure that 'sickness' is not being used as cover for unauthorised absence.

Marketing matters. Marketing drives sales for businesses of all sizes by ensuring that customers think of their brand when they want to buy.

Most pregnant employees are entitled to maternity leave and maternity pay, while new fathers are entitled to paternity leave and paternity pay.

Commercial disputes can prove time-consuming, stressful and expensive, but having robust legal agreements can help to prevent them from occurring.

As well as undermining morale, illegal discrimination can lead to workplace grievances. Employee discrimination is covered by the Equality Act 2010.

Whether your business owns or rents premises, your legal liabilities can be substantial. Commercial property law is complex, but you can avoid common pitfalls.

Home, remote and lone workers are becoming increasingly commonplace. Key issues include communication and how to manage and motivate people remotely.

With information and sound advice, living up to your legal responsibilities to safeguard your employees, customers and visitors need not be difficult or costly.

The right approach to consulting with and providing information to your employees can improve employee motivation and performance.

As information technology continues to evolve, legislation must also change. It affects everything from data protection and online selling to internet policies for employees.

Disciplinary and grievance issues can be a major burden to employers. Putting in place and following the right procedures is essential.

Following the right dismissal and redundancy procedures helps protect your business and minimise the risk of a legal dispute at tribunal.

Intellectual property (IP) isn't solely relevant to larger businesses or those involved in developing innovative new products: all products have IP.

Employment tribunal claims are a worrying prospect for any employer. A tribunal case is a no-win situation – even if the claim is unjustified.

Knowing how and when you plan to sell or relinquish control of your business can help you to make better decisions and achieve the best possible outcome.

From bereavement, wills, inheritance, separation and divorce to selling a house, personal injury and traffic offences, learn more about your personal legal rights.

Business owners not billing for their time

10 July 2015

Business owners not billing for their timeMany micro-business owners are failing to track their time and aren't billing clients for all the work they do, according to new research.

A survey conducted by YouGov for FreeAgent has revealed that 63% of micro-business owners do not track or record any of their time. Just 8% of owners said that they track all of their time.

FreeAgent's own research also showed that for every hour billed by micro-businesses, they will on average work an additional 30 minutes of time that they don't charge for. This could amount to £11.4 billion a year in unbilled hours across the sector.

Ed Molyneux, ceo and co-founder of FreeAgent, said: "Our research reveals the extent to which these businesses are going the extra mile often without being paid. From our own internal data, we've discovered that for every hour a micro-business works and bills their clients for, they will on average work an additional 30 minutes that they could - but don't - charge for. That's a third of a typical micro-business owner's time where they're essentially working for free.

"But that's just the picture for those people who are actually recording their time in the first place. Our YouGov poll found that almost two thirds of respondents didn't actually track any of their working time, so that potentially means that millions of UK micro-business owners don't know how valuable their time is or how profitably they're using it."

In addition, the survey found that many small business owners are spending considerable time on jobs that they cannot charge clients for, including accounting.

It found that 23% of micro-business owners personally spend more than one full working day every month on their business accounts while nearly one in ten (8%) spend at least three full working days on them. In addition, 34% of respondents said they felt overwhelmed by their business accounting.

Ed Molyneux said: "The reality is that, although many micro-business owners work hard for their clients, they also spend long hours doing business-related tasks that they don't get paid for."

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