For privately owned companies, a shareholders agreement is absolutely essential. Even if you’ve started a business with friends or relatives, this formal legal document sets out ground rules for ownership of the business, including the roles, the responsibilities and...
Investing in a franchise business can seem like a quick and easy route to success: there’s already an established brand identity and goodwill, so you may think that takes a lot of the leg work and risk out of starting a business. While this may be true to an extent,...
Warranties and indemnities are frequently used during negotiations over the acquisition of a company, yet there is often confusion over the differences between them and their ramifications. What is a warranty? A warranty is a contractual statement by the seller,...
In the UK, confidentiality agreements are often referred to as non disclosure agreements (or NDAs), and they can offer critical protection for your businesses and as individuals. need to safeguard trade secrets, sensitive information and confidential data when working...
Hashmi v. Lorimer-Wing [2022] EWHC 191 is a recent case that exposed anomalies within the Model Articles and raised concerns about the legality of decisions made by private corporations who operate with sole directors. What Are...
Are you ready for the new online pharmacy system from PCSE Online? Here we’ll guide you through the new changes designed to make pharmacy applications much easier. The way pharmacies are bought and sold is changing. You may already be aware that in 2019 the PCSE...
As a result of the COVID-19 pandemic, the government has created an emergency filing service, the details of which were published on 26 June 2020. Originally drafted in April 2020, the new regulations provide breathing space for companies who normally file accounts...
With the coronavirus forcing us to take on new ways of living including social distancing, queueing outside for the weekly grocery shop and having to transform our dining room tables into a home office, we are finding more and more challenges arising in everyday...
The COVID-19 pandemic has created challenges that businesses and individuals have never had to consider until now. With each unpredictable day unfolding, new announcements, regulations and rules are brought in – and it is affecting every single one of us, especially...
The COVID-19 pandemic has caused havoc amongst business owners and individuals – and unfortunately it doesn’t look like it’ll be fully over any time soon. As each day unfolds, we hear new announcements and changes to legislation, and it is a particularly confusing...
It’s an uncertain time for most at the moment thanks to the COVID-19 pandemic, especially those running a business. For some businesses, particularly SMEs, times are even tougher. Struggling businesses are facing financial dire...
With the vast majority of the population in lockdown, we are facing unprecedented and uncertain times. However, the world continues to turn and with that we’re having to figure out new and different ways of working. There are documents – contracts, deeds, legal...
The shutdown brought about by the COVID-19 virus has resulted in a shift in circumstances for which most have never prepared. A huge number of events have been cancelled, many at the last minute. Many work projects have been postponed or cancelled, leaving either the...
GDPR and no-deal Brexit, what does it mean for your business?
There are several ways to grow your business. If you have a strongly reputable brand and business system that can be replicated, franchising your business may be an option for expansion.
Check our top 3 considerations when thinking about franchising your business
Removing a director from a company is much more complicated than removing an employee and is usually a sticky subject and if not done correctly, could invalidate the entire process. Below is a summary on the process. A director’s appointment may be terminated:...
When entering into a legal relationship, whether that is buying a house or having a kitchen installed, you want to know exactly what you are getting and that it is worth the money you are spending. When you are investing your time and money into building a business...
As part of the UK Government’s trust and transparency agenda, the Small Business, Enterprise and Employment Act (SBEE) is now in effect as of April 2016. If your business is a UK incorporated company or limited liability partnership (LLP), this means you’ll be required to set up and maintain a ‘people with significant control’ (PSC) register. This article provides a helpful overview of the new PSC requirements, and briefly explains the steps for compliance.
Although it is no longer a legal requirement, many private limited companies still opt to hire a company secretary to perform a number of essential tasks. As providers of company secretarial services, we know firsthand just how valuable this position is to private companies. Here, we give an overview of the responsibilities and importance of this role to help you determine whether your business should hire a company secretary.
When going into business together, many entrepreneurs may not realise the legal implications of forming a partnership. Even if the partnership is not formally registered, by virtue of doing business together, the Partnership Act automatically applies.
At first glance, the appeal of franchising is obvious: for those franchising their business, it may seem like a brilliant way of expanding the business, and for those investing in a franchise, it may appear to be a quick and easy route to success, as the business’s brand and reputation is already established.
