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When it comes to dealing with cash flow, managing with late payments can be one of the trickiest challenges for small business owners. Addressing these issues early can make the difference between a minor hiccup and a major financial headache. Here’s how to take proactive steps to manage payment issues before they spiral out of control. Spotting red flags early Recognising potential payment problems before they snowball is crucial for keeping your accounts in check. Watch

In today’s complex regulatory landscape, businesses must strike the right balance between respecting an individual’s right to privacy and fulfilling legal obligations. The right to be forgotten, also known as the right to erasure, is a core principle of GDPR that empowers individuals to request the deletion of their personal data. But as straightforward as it sounds, there are many instances where you simply can't comply with a right to erasure deletion

Picture this: You’re enjoying your morning tea, skimming through emails, when suddenly—an alert pops up. Your business has had a data breach. Your stomach drops. What is a data breach? And more importantly, what do you do next? What constitutes a data breach? It’s any incident where private data is accessed, disclosed, or lost without permission. A data breach can happen when

These days, doing business has become far trickier. We're not only worrying about our products or services, but also have to deal with the increasingly regulated landscape in which we operate. Data privacy is one of those areas that need to be managed, but many business owners find it particularly challenging—understanding the differences between regulations, knowing how to approach it, and figuring out how to manage and monitor it effectively. At Lawyerlink, we find the best way to navigate data privacy regulations is by breaking them down into

Every business experiences its fair share of bumps in the road. Whether it’s a disagreement with a supplier, a customer refusing to pay, or a clash with a business partner, conflicts can quickly escalate into bigger problems if not handled properly. The key isn’t to avoid disputes altogether—that’s simply unrealistic—but to manage them in a smart, proactive way. At Lawyerlink, we believe that having a clear approach to resolving disputes is key to keeping your business running smoothly and protecting your reputation. This guide will walk you

On 30th October 2024, Rachel Reeves made history as the first female Chancellor of the Exchequer to deliver the UK Budget. After 14 years under Conservative leadership, the Labour government has presented a Budget aimed at addressing a £40 billion spending gap while honouring pre-election promises not to raise the main rates of income tax, VAT, or employee National Insurance contributions. While the Budget focuses on investment and growth, it introduces several significant changes

Small business owners often feel caught between the high cost of legal services and the necessity of proper legal support. With rising legal fees in the UK, it’s tempting to turn to AI solutions like ChatGPT, which promise fast, affordable answers to legal questions. But while ChatGPT can handle simple queries, it falls short when it comes to the depth and specificity required for business-critical legal decisions. Here’s why AI

Contracts are the backbone of your business relationships, providing structure and support so you can move freely - safe in the knowledge that your business is protected. But, like any safety net, contracts are not infallible. They require a great deal of care, maintenance and professional help to work at their best. We've got you covered with everything you to run your business on solid contracts. 1. Why business contracts are crucial Contracts essentially clarify the expectations and responsibilities of everyone involved before work starts. The ultimate