Businesses urged to take up the red tape challenge

Business in the region who believe there is too much red tape when it comes to running a business have been urged to take advantage of the Governments latest initiative.

That’s the advice from the commercial team at city based Roythornes Solicitors, who were commenting on the latest phase in the Government’s Red Tape Challenge, which focuses on Company and Commercial law.

The challenge has been split into four key areas:  Working of Companies and Partnerships, Accounts and returns;  Business Names and Disclosing Information About Your Company.

Speaking about the Challenge Deborah Brown, Commercial Partner at Roythornes said:

“The aim of the Red Tape Challenge is to make it easier for small and medium sized businesses to operate, so it’s an ideal opportunity for business owners and managers to express their views. As an example, there are nine sets of regulations which govern business names and their use - many of the comments so far have said that these should be combined.”

Overall, of over 1,200 regulations considered so far under the Challenge, the Government has agreed to scrap or improve well over 50%.  The Company and Commercial Law Challenge runs until 16th February and can be found by searching for Red Tape Challenge into a search engine