UK Home-Based Firms Warned Not To Operate In Legal Bubble Businesses Must Consider Their Legal Obligations 14.08.2013 By David Shirt A leading commercial lawyer at Irwin Mitchell has urged the millions of UK home business owners not to operate in a bubble when it comes to dealing with legal issues. The warning follows the announcement from insurer, Direct Line for Business, that there are now 2.5m home businesses in the UK - a figure which represents 52% of the total number of small firms and 8% of the UK’s total workforce. Steve Beahan, a partner at Irwin Mitchell and a member of the firm’s SME Group, said: “These findings are interesting and should be welcomed as they clearly highlight the entrepreneurial spirit that exists in the UK. This is something which must be supported as many of these businesses have the potential to be the larger organisations and employers of the future.” He added: “Working from home can be popular, as it allows owners to keep costs low and operate in a way that suits their own lifestyle. It is important, however, that bosses don’t get lulled into a false sense of security when it comes to legal issues and think that some are not relevant to them. “There are still many areas that a business owner must consider and although the Government has attempted to reduce some bureaucracy through its ‘Red Tape Challenge’ initiative, there remains a great number of legal obligations in areas such as contractual terms and conditions, as well as the recovery of late payments from clients and taxation. These can often be forgotten, or in some cases the business attempts to deal with them on their own. “Ambitious SMEs will not always be based at home and it is important for owners to look at the next stages of their development. Expansion brings a whole new set of challenges and regulations, so early consideration can be crucial.” Read more about Irwin Mitchell's expertise in relation to SMEs Key contact Steven Beahan Partner +44 (0)788 969 4052 Email Steven Press contact Dave Grimshaw Press Officer 0114 274 4397 Email Dave Tags Steve Beahan Sheffield Related articles 20.03.2019Government Issues Recommendation for Leasehold Reform 15.03.2019Irwin Mitchell Recruits Hundreds Of Volunteers For Red Nose Day 2019 15.03.2019Irwin Mitchell Scoops Hat-trick At Birmingham Law Society Legal Awards 13.03.2019Sheffield City Region Launches Global Innovation Corridor At MIPIM 2019 08.03.2019Irwin Mitchell Launches Women in Law Timeline 05.03.2019Does A Rest Break At Work Have To Be Continuous?