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Nobody Taught You The Rules. That Is How You Get Caught.
The client who does not pay. The contract you signed in a hurry. The deposit that never comes back. Legal and Money explains where the law meets your money, so you know exactly where you stand, and what to do next.
YOUR INVOICE
CLAUSE 3: PAYMENT
3.1 Payment is due within thirty days of the invoice date.
3.2 Overdue sums carry statutory interest at 8% above the Bank of England base rate, together with fixed compensation under the Late Payment of Commercial Debts (Interest) Act 1998.
✎ That is 11.75% a year, right now, plus £40 to £100 per invoice. It applies even if your contract says nothing. Most people never claim it.
See how much you can add →
What Is Legal and Money?
Legal and Money is a plain-English publication that explains where the law meets your money, for freelancers, small businesses and everyday people who cannot afford to get either wrong.
We take the parts of the law that hit your finances, getting paid and chasing what you are owed, setting up and protecting a business, trading and prop-firm rules, and the everyday problems of scams, consumer rights and personal debt, and turn them into clear guidance you can actually act on. Every guide is written by someone with decades of experience in business and finance, built on the current law and real figures, and linked to its sources so you can check it yourself. No jargon, no legalese, and nothing you have to take on trust.
Money and the Law Explained So You Can Act
Legal and Money is a plain-English publication that explains where the law meets your money, for freelancers, small businesses and everyday people who cannot afford to get either wrong. We take the parts of the law that hit your finances, getting paid and chasing what you are owed, setting up and protecting a business, trading and prop-firm rules, and the everyday problems of scams, consumer rights and personal debt, and turn them into clear guidance you can actually act on. Every guide is written by someone with decades of experience in business and finance, built on the current law and real figures, and linked to its sources so you can check it yourself. No jargon, no legalese, and nothing you have to take on trust.
Clear, practical guides for freelancers, small businesses and anyone who cannot afford to get money or the law wrong. We do the digging and the sums, so you can make the call.
Free calculators and templates, plus a plain-English round-up of the changes that matter. No spam, unsubscribe anytime.
Why Legal and Money Exists
Most people do not get caught out by money and the law because they are careless. They get caught out because nobody ever explained the rules in plain English. The whole system runs on a quiet assumption that you will not read the contract, will not know the deadline, and will not realise what you were actually owed. Legal and Money exists to take that assumption away.
We believe three things, and you will see them in every guide:
Plain English, always. If we cannot explain something without jargon, we have not understood it well enough yet.
Sourced, so you can check us. Every guide is built on the actual law and the real figures, and linked to them. Take nothing on trust, including from us.
On your side, not selling you fear. We tell you what you can do yourself, point you to the free help that already exists, and never talk you into expensive help you do not need.
Know the rules, and you stop being the one who gets caught out.
Find Your Way In – What We Cover
Everything on Legal and Money is organised into four areas, built around the money-and-law problems people actually run into. Whether you are setting up or running a business, chasing money you are owed, finding your way around funded trading and prop firms, or facing a personal money problem with a legal edge, there is a section made for it. Pick the one that fits what you are dealing with. Each opens into clear guides, the practical steps to take, and the tools and templates to act on them.
Business Structures and Contracts
The legal groundwork of running a business, without the jargon. Whether you are choosing between sole trader and limited company, working out if you need a shareholders’ agreement, or trying to make sense of a contract before you sign it, this is where you get clear, practical answers. Expect step-by-step guides, plain-English explainers, and templates you can actually use to set your business up right and keep the paperwork on your side.
Disputes and Getting Paid
For when the money you are owed does not arrive, or a deal turns sour. Here you will find out exactly how to chase an unpaid invoice, what interest and compensation you can legally add, how to write a letter before action, and how to handle a fallout with a client or supplier before it escalates. Expect calm, step-by-step guides, ready-to-send templates, and free tools like our late payment interest calculator, so you can act with confidence instead of guessing.
Traders and Prop Firms
Straight answers for funded traders and anyone dealing with prop firms, a corner of the market almost nobody explains in plain English. This section covers how challenge and funded-account models really work, what to watch for in prop-firm terms, how payouts and the tax on them are treated, and how to spot a firm that is not what it claims. Expect honest, jargon-free guides written by someone who understands how the industry actually works, so you go in with your eyes open.
Personal Money and Law
The everyday money problems that come with a legal edge, explained calmly and without the scare tactics. Being chased for a debt, hit by a scam, sold something faulty, or fighting to get a tenancy deposit back: this is where you find out where you actually stand and what you can do next. Expect clear guides to your rights, the practical steps that make a difference, and honest pointers to the free help that exists, so a stressful situation feels manageable instead of overwhelming.
Free Tools That Do The Sums For You
Start with the Late Payment Interest Calculator. Enter the overdue amount and the date the invoice went late, and it works out the exact statutory interest and compensation you can claim, ready to drop straight into a chase or a letter before action.
Premium Playbooks
All the answers you need to handle the issues we cover yourself are free, and always will be. The guides, the explainers and the tools on Legal and Money are complete in themselves, and most people will find what they need without spending a penny.
If you would rather save the time and effort, our premium Playbooks do the heavy lifting for you. A Playbook takes a subject we cover in the free guides and goes the whole way with it: worked examples with real numbers, the decision frameworks, the edge cases, and the fill-in templates that turn knowing what to do into actually doing it. It is the difference between reading how to set your business up and having the finished playbook and the paperwork in your hands. You pay for the depth and the time saved, never for the answer, which stays free.
Want a feel for our Playbooks and how we explain things before buying? Subscribe for our mailing list and we will send you the Money and the Law Handbook, free: a plain-English rundown of your rights and your options across the money problems people actually run into, yours to keep.
Setting Up Right Playbook: The Legal Basics of Structures and Contracts for Founders and Freelancers
The starting point for getting your business on solid legal ground. This guide walks you through choosing between sole trader and limited company, the contracts you actually need, who owns the work you pay for, and the agreements that stop a good partnership turning into a bad one. Read this first if you are setting up, or fixing foundations you rushed.
Getting Paid and Settling Disputes Playbook: The Plain-English Guide for Freelancers and Small Businesses
Everything you need to turn an unpaid invoice into money in the bank. It covers how to chase a late payer, the interest and compensation you can legally add, how to write a letter before action, and how to handle a dispute with a client or supplier before it turns into a fight. The guide to read the moment a customer goes quiet a due payment.
Funded Trading and the Law Playbook: A Plain-English Guide for Prop-Firm Traders
Straight answers about the funded-trading world, where clear information is hard to find. This guide explains how challenge and funded-account models really work, what to watch for in a prop firm’s terms, how payouts and their tax are treated, and how to tell a legitimate firm from one that is not. Read it before you pay for a challenge, not after.
Your Money and the Law Handbook: A Plain-English Guide to Debt, Scams and Your Consumer Rights
Where you stand, and what you can do, when a money problem lands on you. This guide covers being chased for a debt, getting your money back after a scam, your rights when something you bought is faulty, and how to reclaim a deposit a landlord is holding. Calm, practical, and clear about the free help that is out there.
Get The Tools And Templates – Free
Found This Useful? Join the Legal and Money list and Get The Free Tools. We will send you our free calculators and ready-to-send templates, plus a short, plain-English round-up of the money-and-law changes that actually affect you. No spam, and you can unsubscribe in one click.
Who is behind Legal and Money
Legal and Money is written by Jasjit Gill, a commercial and corporate legal consultant and former investment banker with decades of experience in business, law and finance. Every guide is built on the actual law and the current figures, linked to the sources so you can check them yourself, and reviewed to keep it current. Find out more about Jasjit on the author’s page.
Need Your Issue Handled, Not Just Explained?
Some problems outgrow a guide or a template, especially for a growing business with contracts, disputes or deals stacking up faster than one person can keep on top of. That is where a fractional General Counsel comes in.
A fractional General Counsel is an experienced commercial lawyer who works as your business’s part-time, on-demand legal support: the in-house legal function a company needs, for a fraction of the cost of a full-time hire. Rather than paying a law firm by the hour, or taking on a full-time lawyer before you are ready, you get senior legal help month to month for the commercial work that keeps coming up, from contracts and getting paid to business structure, data and fundraising.
Legal and Money is written by Jasjit Gill, who runs exactly that service through Fractional GC. It is commercial and corporate legal consultancy for businesses that need more than self-help, not a regulated law firm, so for anything that needs a court or a specialist he will point you to the right one. If your situation has outgrown a template, you can speak to Fractional GC.
Affiliate Disclosure
This site contains some affiliate links. If you buy anything through the links we may earn a small commission at no extra cost to you, and it never changes what we recommend.
Disclaimer
Legal and Money gives you general information about how the law and money work, in plain English. It is not legal or financial advice, and reading it does not create any adviser-client relationship. We are a publication, not a law firm or a regulated adviser. Laws, rates and thresholds change, so check the current position before you rely on a figure, and if your situation is serious, complicated or high in value, take advice on your own circumstances. Some links may be affiliate links, which means we may earn a small commission at no extra cost to you. We only link to things we do or would use ourselves.
