What is a Private Limited Company? (A Guide!)
A Private Limited Company in the UK is a specific business entity that offers its owners limited liability. This means that the financial responsibility of the company’s members is limited to the value of the shares they hold that have not been paid for. This structure is designed to protect the shareholders’ personal assets, limiting […]
Understanding Insolvency Rules 2016 (A Guide!)
The insolvency Rules 2016, formally known as The Insolvency (England and Wales) Rules 2016, came into effect on 6 April 2017 and represented a significant overhaul of the UK’s insolvency legislation. These rules consolidated and updated the procedural framework governing insolvency processes in England and Wales, replacing the Insolvency Rules 1986 and their numerous amendments. […]