Essential Guide to Business Start Up
If you’re starting a business in the UK, you’re at the beginning of an exciting journey of professional and personal growth. As a start-up owner, one of the areas you will quickly need to become familiar with is the legal framework that applies to your specific type of business. The UK has a comprehensive set […]
Company Law Solicitors in the UK
Company law solicitors specialise in providing legal advice and support to businesses, ensuring compliance with regulations, mitigating risks, and protecting the organisation’s interests. Whether you’re a startup or an established corporation, the guidance of a skilled company law solicitor can be the key to your business’s stability and growth. In this article, we explain the […]
Company Law in the UK: A Comprehensive Guide
Company law, also known as corporate law, refers to the body of legislation and regulations that govern the formation, operation, and dissolution of companies. It encompasses a wide range of legal disciplines including contract law, tax law, commercial law, and employment law, as they apply to businesses. The primary purpose of company law is to […]
How to Sell My Business (Uber Strategies!)
Whether you are selling your business because you want to retire, you had always planned to sell once your business reached a particular size, or it’s just not working for you anymore, what do you need to do, and what considerations should you bear in mind? The complexity of the UK market, with its unique […]
Management Buyout in the UK (MBO Topic Deep Dive!)
A management buyout (MBO) is a form of business exit in which the business owner sells the company’s assets and operations to the existing management team. This type of acquisition is distinctive because the company’s existing managers become its new owners, which can foster a more substantial commitment to the business’s success and continuity. MBOs […]
Duress in Contract Law (What is it? Can I rely on it?)
In law, duress is a concept that can have different contextual meanings. Duress in contract law refers to circumstances in which a person or party is forced into a contractual agreement through the use of illegitimate pressure. This may be by way of a threat of physical violence, a threat to property or through economic […]
How to Get Business Finance
Are you looking for new ways to finance your established business, or perhaps you’re just on the point of launching a new business and you need to secure funding to get you started? Whatever stage your business is at, there are plenty of places to turn for financial assistance but there are just as many […]
Restoring a Company to the Register
There are two processes for restoring a company to the Register, either by Court Order or by ‘administrative restoration’ under section 1024 of the Companies Act 2006. The appropriate route will be determined by a number of factors. Restoring a company to the register by way of administrative restoration requires certain eligibility criteria to be met […]
Company Restoration Guide
Company restoration is the process by which a company that has been dissolved can be ‘brought back to life’. You might want to restore your dissolved company in order to recover its assets or to continue trading. The Companies Act 2006 covers the process of restoring a dissolved company. There are two routes business-owners can […]
Bona Vacantia Waiver Letter (How to Obtain!)
A bona vacantia waiver letter is a document outlining the Crown representative’s consent to administratively restoring a dissolved company back to the company register. Bona vacantia is the legal term for business assets which are passed to the crown when a business is struck off. In accordance with Section 1000 of the 2006 Companies Act […]
Breach of Contract – Do You Have a Claim?
While going back on an agreement made with a friend can be a little socially uncomfortable, the stakes are much higher when it comes to more formal arrangements, where breach of contract can have serious legal repercussions. Contracts are made every day in commonplace exchanges – when a consumer makes a purchase from a retailer, […]
Why Does Your Business Need a Shareholders’ Agreement?
An effective shareholders agreement can protect against disputes between your company’s shareholders and directors. A shareholders’ agreement is a private contract between some or all of the shareholders in a company, governing how the shareholders interact with the company, as well as with each other. Any company that has shareholders should have a properly drafted […]
Setting up a Limited Company
A limited company in the UK is a business structure where the company operates as a separate legal entity from its owners. This setup provides a key advantage: the personal financial liability of the company’s shareholders or guarantors is limited to their investment or the amount they agree to contribute in case of debt. This […]
How to Register a Company
If you’ve considered your options and decided that a limited company is the best business structure for you, what do you need to do next? Under the Companies Act 2006, your business can’t operate as a limited company until it has been incorporated (i.e. successfully registered) at Companies House. It’s always within your best interests […]
Shareholder Disputes (and How to Resolve Them!)
Shareholder disputes have the potential to cause significant damage and disruption to a company’s commercial interests. Taking effective steps to resolve shareholder disputes can be business-critical. There are a number of reasons why a dispute may arise between company shareholders or shareholders and directors. Some common causes of shareholder disputes include: a. Poor performance […]
What is the Role of the Company Secretary?
All UK public companies require a company secretary by law, under the Companies Act. Private limited companies however are not required to appoint a company secretary, however the directors may still choose to do so, as there can be many practical benefits to the organisation of having a dedicated individual in this role. Many important […]
Ultimate Guide to Franchising Your Business (Insights!)
Franchising is a strategic expansion model where a business (the franchisor) grants another party (the franchisee) the right to operate a business or sell goods and services using the franchisor’s brand, model, and system. Franchising presents an unparalleled opportunity for business expansion and brand recognition in the United Kingdom, offering a strategic pathway for businesses […]
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. […]
How are Letters of Intent Used?
When in the process of negotiating an asset or share sale, or any other complex commercial transaction, various key documents will need to be drafted, including a letter of intent. In this guide, we explain what letters of intent are, how they are used and the legal considerations involved. What is letter of intent? […]