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  • Corporate mistakes your business may have made... and what you should do about them

    Inbrief

    08 June 2023

    Corporate requirements can be fiddly and, sometimes, unintuitive. It is easy for businesses to trip up on corporate issues. In this series we look at 10 of the most common corporate mistakes companies make, and, more importantly, what they should do about them.

  • Company’s register of people with significant control (PSCs)

    Inbrief

    22 March 2023

    Most UK companies and LLPs are required to find out and record details of the individuals or legal entities that have significant beneficial ownership or control over them. The information must be recorded in the company’s register of people with significant control (PSC register) as part of its statutory books.

  • What’s the value in updating my articles of association?

    Inbrief

    01 December 2022

    There is no obligation to keep your articles of association (articles) up to date but there are benefits. It would be cost effective to update your articles to reflect, and take advantage of, the current statutory regime, most notably the Companies Act 2006 (the Act) which replaced the Companies Act 1985. This guide explains why.

  • Venture capital in the US and UK – a comparison

    Inbrief

    26 September 2022

    The increasing number of innovative scale-up companies and the UK’s ability to attract world class talent means that the UK is an attractive destination for investments by US venture capital funds (US VCs). In turn, this means that US VCs have become an increasingly important source of capital for UK based high growth businesses.

  • Establishing a business presence in the UK

    Inbrief

    13 April 2022

    If you are a non-UK corporate body and you wish to establish a business presence in the UK, this brief guide covers the main issues you need to consider.

  • Directors and their general duties

    Inbrief

    02 December 2021

    English law imposes on company directors high standards of behaviour and they must put the interests of the company before their own. Their duties are derived from both statute and case law. In addition to general duties, there are extensive specific duties. This is an introductory guide to those general duties.

  • Insolvency issues for directors

    Inbrief

    31 May 2021

    All directors owe duties to their companies. When a company is solvent, those duties are paramount but once insolvency is pending, directors must act in the creditors best interests. That difference means that the nature of the directors’ duties undergoes a significant shift when insolvency threatens.

  • VAT and income tax deferrals to assist VAT-paying businesses and the self-employed during Covid-19 Outbreak

    Inbrief

    27 March 2020

    As part of the sweeping financial package announced by the Government on 20 March 2020, the Government is offering VAT and income tax deferrals to assist with the cash-flow of VAT-paying businesses and the self-employed. These deferrals are expected to provide over £30bn of additional cash-flow to a wide variety of British businesses.

  • Selling your business

    Inbrief

    12 May 2019

    Many business-owners look to sell at some point. The reasons for selling may vary but often it is the opportunity for an owner to capitalise on the years of hard work that have gone into building up his or her business.

  • Share buy backs - what’s the fuss?

    Inbrief

    13 March 2019

    When a company is planning a share buy back (or purchase of its own shares) it’s time to be careful. This note explains why you need to be careful, and summarises the company law issues that must be addressed in advance before the company enters into any commitments.

  • Why have tailored articles of association and even a shareholders agreement

    Inbrief

    13 December 2018

    If you are setting up a company with your business partner, you may be tempted to rely solely on the statutory default articles of association for private companies limited by shares (the Model Articles) to govern the internal procedures of the company, and the corporate relationship between you. These notes show why you really should consider having articles that are tailored to your circumstances, and even a shareholders’ agreement, between you and your partner - even if you wouldn’t dream of falling out with him or her.

  • Buying a business in the UK

    Inbrief

    01 April 2018

    This guide is intended to assist potential buyers, who are from overseas, and have not been through the process of buying a business in the UK before and want to know a little more about what to expect. English company law does not impose any restrictions on foreigners acquiring an interest in domestic companies. These notes assume that the target business is owned by a private limited company incorporated in England, with several individual shareholders.

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