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...
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...
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...
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:...
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.
