Whatever business model you adopt it is important to make the legal structure work to your advantage as owner or investor in that business. Make sure you have the right Partnership Agreement or Shareholder Agreement in place.
Know what a Guarantee actually means to you and how to avoid being sued on it.
Expanding by acquisition?
Ensure you know how to carry out insightful due diligence.
Be in charge of your trading terms.
It is vitally important that you know what is legally expected of you as a Director.