Expansion means your startup has succeeded in finding a market for your product or service, but the bigger you get the harder it is to meet all of your statutory obligations and keep regulators happy.

However, non-compliance could threaten the growth you're trying to achieve with possible financial penalties, or even suspension from trading, harming both your bottom line and the reputation of your business.

Guy Wilmot, a startup specialist and partner in our corporate and commercial team, discusses the impacts that non-compliance could pose for startup businesses and offers entrepreneurs advice on how to best handle these issues.

Five things you need to know is available to read via the St James's Place Wealth Management Entrepreneur Club website.

Guy is a partner in the corporate and commercial team and advises clients on corporate affairs, startupsintellectual property and technology, e-commerce and IT. Entrepreneurs frequently seek Guy's advice on establishing and growing their businesses and appreciate the breadth of advice provided.