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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.

Funding for Lending extended for two more years

4 December 2015

Funding for Lending extended for two more yearsThe Bank of England and HM Treasury have announced a two-year extension to the Funding for Lending Scheme.

Funding for Lending (FLS) was launched in 2012 and its scope has been redefined several times since then; most recently, it has been re-focused towards lending to small and medium-sized enterprises.

The extension promises to support further improvements in credit conditions for SMEs. However, this extension is part of a gradual phasing out of the scheme, with borrowing allowances reducing over time so as not to hinder economic recovery when it eventually closes in 2018.

According to the Bank of England, SME lending volumes have increased by £2.1 billion in 2015 so far, and net lending to SMEs by FLS participants was positive in the first two quarters of 2015. However, it says credit conditions for SMEs remain tighter than for large corporations.

Mark Carney, governor of the Bank of England, said: "As conditions have normalised for particular sectors over the life of the FLS, we have consistently reduced the scope of this temporary scheme and focused support where it is needed most. The announcement today continues that tapering, supporting continued improvement in SME credit conditions as the economic recovery takes hold, while gradually withdrawing that support over the next two years."

Chancellor of the Exchequer George Osborne said: "I am pleased to say that we are extending the scheme until 2018, supporting more loans. Given the improvement we've seen in credit conditions for households and large businesses, as our long-term economic plan moves from rescue to rebuild it is right that we continue to focus the scheme's firepower on the small businesses that are the lifeblood of the economy."

John Allan, national chairman for the Federation of Small Businesses (FSB), welcomed the news and said: "Providing smaller lenders and newer entrants to the market with greater access to the scheme is a sensible move. It should help them compete with the bigger banks and over time, provide businesses with a wider range of finance options."

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