1 - DON’T assume your future clients/customers will all be English speaking; learn to function efficiently in French and especially business French (the accent doesn’t matter, but the content does!)
2 - DON’T assume that you can set up just any old business anywhere (including in your recently acquired French home)
3 - DO make enquiries with the local authority as to what you can and can’t do
4 - DO ensure that your future business doesn’t require special qualifications or licences and make sure any UK qualifications are valid
5 - DON’T get rushed into signing up for a business acquisition until you’re ready
6 - DO get professional assistance for due diligence, audit, warranties and guarantees
7 - DON’T pay cash as part of the deal; get it all in writing and properly receipted
8 - DO a market survey and prepare a proper business plan; the local chamber of commerce will be delighted to assist you in these matters or refer you to competent professionals
9 - DON’T rely on gossip at the local watering hole as to how to set up your business; take proper advice in good time from a lawyer (avocat or notaire) or an accountant
10 - DON’T take French labour or tax law lightly!
Daniel Sherlock
Solicitor
Girlings Europe
www.girlings.com
Girlings Europe is a division of Kent law firm Girlings Solicitors