Most businesses are incorporated as limited companies with shares whilst not for profit organisations and charities are commonly constituted as companies limited by guarantee. In both cases, company law applies – a complex area of the law upon which we can provide advice and guidance, leaving you to get on with running your business!
If you are starting a new business we can advise you on the best structure taking account of the advantages and disadvantages of the different structures available to you – a company may not always be the best thing. You may want to consider a partnership or limited liability partnership. Whatever is right for you, from an “off the shelf “ company we can provide you with straightaway, to the formation of a limited liability partnership or the drafting of a partnership agreement, we can help you with each and every step you need to take to get your business off to a good start!
A lot of our work involves the preparation of documentation to deal with the various transactions a company may wish to undertake from time to time, the most common of which are share buy backs, investments into companies involving subscription agreements, loan agreements, changing articles of association, shareholder agreements, drafting board minutes and share option schemes.
We are also frequently called upon to advise directors with regard to their duties and responsibilities. As part of our proactive approach to our clients, we have provided training to boards of directors to ensure they are fully aware of their obligations under the law and what can happen if things go wrong. We also deal with shareholder disputes. In such cases our company law specialists work closely with their litigation colleagues to ensure the best outcomes for our clients.
A number of our client companies are subsidiaries of companies overseas, particularly from the USA. We helped them set up in the UK and then to acquire premises, take on employees and generally operate their business in accordance with English law.