Giving your art business the best chance

Running your own business can be very rewarding but success is not always guaranteed. Businesses are most vulnerable to failure during their early years of trading – statistics vary but one commonly quoted is that half of all small businesses fail within their first couple of years.

Running your own business requires you to be a jack-of-all-trades. Dealing with marketing and finance functions among many other aspects whilst still trying to maintain and grow your business isn’t easy. There are an endless number of traps to fall into. Here are five ways to give your business the best chance… Continue reading

The Bribery Act – How does it affect my business?

If you want to wine and dine a potential client, or treat an existing client to lunch to thank them for their custom, you may not realise that you could potentially be caught by the Bribery Act 2010 if the gift is deemed to be excessive and go well beyond reasonable efforts to promote your business. While only extravagant and disproportionate gifts are likely to cause an issue, it is worthwhile familiarising yourself with the Bribery Act and the types of activities it covers.

In the second of our series of articles for gallery owners and small businesses, we summarise the main provisions of the Bribery Act 2010 and how it might affect you and your business. Continue reading

Bills of Sale consultation

Bills of sale are legal instruments, still used today, that allow individuals to transfer ownership of goods to another while retaining them physically. Historically, bills of sale were most often used as security for loans where the borrower would grant ownership to the lender over, say, a painting which would act as the security but (in contrast to pawn broking or granting a pledge) could keep the painting hanging on their wall. Once the loan was repaid, the ownership of the painting would be reinstated to the borrower. Continue reading