Job titles – may create unexpected legal risks

10/12/2013

As a business grows there is an obvious need to reflect this with a clear organisational structure, important both in dealing with external customers and suppliers and so that the business functions properly internally. This may result in the need to create different departments for different functions, such as sales, marketing, finance and administration. Some READ MORE

Business borrowings – stay alert !

06/12/2013

The first stage of starting most businesses is focused on a single priority – survival. Some 35%% of start ups don’t make it through the first 2 years. If your business has reached the 2 year milestone, this suggests you have a great product or service and have understood the basics of running a business. READ MORE

Stage 2 of your business – think about ringfencing assets and liabilities

30/11/2013

We’ve talked on this blog before about the current disconnect between small business clients and solicitors (solicitors need to position themselves as more affordable and more as a regular sounding board than for use when things go wrong and small business clients need to accept that legal experience and advice are important and should be READ MORE

Is UK contract law becoming less relevant ?

19/11/2013

I came across a really interesting stat the other day whilst reading a fascinating report on small business use and attitudes towards using lawyers. Many small businesses baulk at using lawyers generally – it’s a problem for both sides. For the business, many are taking the view that they don’t need legal advice or that READ MORE

Succession planning – key legal aspects

14/11/2013

Think succession planning think exit planning think tax planning – all of these terms are generally synonymous in most small business or family business’ thinking as retirement approaches. However, there are potential legal issues which also need to be considered at a much earlier stage. Many businesses are classified as family businesses but what does READ MORE

Buying a website – legal issues and pitfalls

08/11/2013

Buying or selling a website Websites are now a vital part of many businesses, so if you are buying a business you need to do your homework. Typically, you will instruct an accountant to look at the financials and a lawyer to look at the legal aspects. Bearing in mind the importance and value a READ MORE

Important veto rights for shareholders

29/10/2013

When investing into a company, especially as minority shareholder, it’s vital to protect your interests. Remember that whilst the shareholders own the company, the directors have day to day control. If you are not a director and don’t have the power to change or remove directors (it is worth seeking to ensure that you do READ MORE

Is your business investment ready ?

11/10/2013

At some stage, many businesses will want or require additional investment, whether in the form of loans or external investment, with an injection of cash to grow the business in return for a dilution of equity. In a market where traditional bank finance is less obtainable with a commensurate rise in private investing such as READ MORE

Shareholders Agreement – the key reason a small business needs one as much as a big one

11/10/2013

Many small businesses do not appreciate the importance and value of a clear and well thought out shareholders agreement. Here’s why it’s so important. The vast majority of companies in the UK are very small, typically family owned businesses. Owners of those businesses tend to believe they can rely more on informality than a large READ MORE

Setting up a share of freehold property company – the legal issues to consider

10/06/2013

Freehold property management company – when and why? Property management companies are often formed where the freehold is sold off to the leaseholders and where the freeholder will be responsible for management. Freehold management companies typically occur with a small block of flats or a converted house and the leaseholders each have shares in the READ MORE