Starting Your Own Recruitment Business It’s A Minefield
The ‘minefield’ we refer to is the ‘legal minefield’ you’ll face if you try when you plan to start a recruitment business on your own.
Start talking….
Ok. There are many terms …Sole Trader, Limited Company, Ordinary Partnership…….?
Pardon?
They’re just three of the ways of registering a business., Then you have to think about registering your business. HMRC will want to know. There’s the question of VAT whilst we’re talking HMRC…..
Stop with all the initials for a moment.
Confusing isn’t it?
Right. I need a tax expert and someone who knows about registering a business.
They would certainly be early and essential requirements. Next up you’ll need to make sure you’ve not infringed any copyright with the brand name you’ve chosen. You have chosen a brand name? And had it turned into a proper logo design, by a professional? Good. So now you need to get copyright law advice.
Keep it coming. Or is that it, as far as legal help is needed?
It’s not over yet! You need to check out your standing on Data Privacy Laws.
Data Privacy Laws? What?
Hmm, yes, this one often comes as a surprise to consultants starting up on their own. The fact is it’s been sort of looked after for you while you’ve been employed. To say you’ve taken it for granted is a bit harsh but…..
Alright. Point taken. Explain!
Recruiters have to comply with the Data Protection Act 1998. You’re going to be handling confidential information every day – it goes with the territory. You have to guarantee that the information you have access to is:
Used fairly and lawfully
Used for limited, specifically-stated purposes
Used in a way that is adequate, relevant and not excessive
Accurate and where necessary, kept up to date.
Is that it?
No. You have to also guarantee that the information is
Not kept for any longer than is absolutely necessary
Handled according to people’s data protection rights
Kept safe and secure
Not transferred outside the European Economic Area without full and adequate protection.
I’m sensing there’s more to come….
Well, let’s leave Data Protection for a moment.
Have you sorted out any issues regarding ‘Non Competition’ and ‘Non Solicitation?
NO!!
You haven’t. Oh dear. Well If you’re leaving your job to set up on your own you’re probably hoping that some of your current clients are going to follow you.
Be careful.
You need expert legal guidance on your contract, and what it allows you to do, and not do. You could even find that there’s a clause preventing you from working in the same area for a certain period. It’s all worth checking out first don’t you think?
OK what next
Well…… there are a lot of insurance issues –
Liability for instance – for staff and public.
National Insurance of course, because you’ll be hiring staff, which takes us back to HMRC.
DBS – they used to be CRB – checks are essential if you’re working in certain sectors.
Employees’ rights, which affect you of course because not only will you be recruiting staff for clients, you’ll be hiring staff for yourself……
You’re right. It’s a minefield.
How do I get through it?
Actually, you don’t even have to step into it. We’ll do it all for you. Recruit Ventures offers 100% funding for starting up your own recruitment business, and so much more. It’s your company so you’ll have shares and dividends, but with our backing you’ll have zero financial risk and access to tried and tested back office systems and support.
And, essentially we provide full legal guidance. From registering your brand, through all of the tax, insurance and legal issues, we’ll be there for you.
Your help sounds a lot safer to me… How do I find you?
Just one e mail, and we could be talking. Avoid the legal minefield, by contacting us now at info@recruitventures.com or click here