If you have structured your new business as a company limited by guarantee and you have more than one shareholder you should ensure you have a Shareholders Agreement. The Shareholders Agreement will specify the rights and responsibilities of your shareholders and directors and make it clear how and when shares Read more…
Irrespective of the legal structure you choose for your new business, you will need money in order to grow it. Investment You may be entitled to an award grant or attract investment from angel investors, who invest in start-ups and sometimes take an active role in a business. Investors may Read more…
If you have decided to structure your new business as a company limited by shares, you need to take care in choosing a company name. The Registrar of Companies will not register a name if its use would, in the opinion of the Secretary of State, constitute a criminal offence Read more…
Getting the legal structure right for your new business is critical. Sole Trader You may choose to operate as a sole trader. If you do, you need to bear in mind that as a sole trader you are personally liable, without limit, for all the debts and other liabilities of Read more…
Spoilers ahead for the new film Mary Poppins Returns. In Mary Poppins Returns, Michael Banks has inherited 17 Cherry Tree Lane. After the death of his wife, he runs into some financial difficulty and is forced to take out a loan from Fidelity Fiduciary Bank against the house. Unfortunately, he Read more…
Following on from our discussion of Companies, you may have decided that a Limited Company is not right for you. Another alternative is a Partnership. Without realising, you may already be in a Partnership. Two or more people carrying on business together with a view to profit is a Partnership Read more…
Following on from our previous article regarding various types of business platforms, we hope to have assisted new entrepreneurs in making an informed decision about which to choose. We have put together brief starting points for incorporating a company for your business if this is the route you have chosen. Read more…
What kind of business is right for your business? When starting up a new business it’s important to consider which legal platform is most suited to your needs. You might even need to consider changing the form of your business as it evolves. The Corporate and Commercial team at Taylor Read more…
For a business owner an injury or unexpected loss of capacity, even if only temporary, can have a significant impact to the day to day running of the business. To ensure that a business continues to operate successfully in these circumstances, all business owners (sole traders, partners and company directors) Read more…
A joint venture is a partnership between two businesses for a finite period of time in order to achieve specific goals. It presents an opportunity to leverage each other’s strengths while compensating for any weaknesses. There are 2 main options when entering a joint venture. In the first, both parties Read more…