If we think about companies as ships, then company directors are a ship’s captains.  They are tasked by shareholders of the company with plotting their precious vessel’s course to success while navigating choppy commercial waters, and perhaps dealing with an unruly crew. To do this, like any captain, a director needs to be imbued with […]

What is the PSC register? Since 6 April 2016, all UK companies and limited liability partnerships (LLP’s) have been required to keep a register of any ‘persons with significant control’ (PSC) of the company or LLP. Current requirements PSC information must be delivered to Companies House: upon the incorporation of a company; and each year […]

Family, friends and other investors can often play a vital role in building a successful company, bringing money, experience and contacts to the table, often in exchange for shares in the company. During the honeymoon period shareholders often forget, or do not recognise, the importance of formalising their relationship and how it is to be […]

In a bid to reduce the administrative burden faced by UK companies, and to create greater transparency as to the ownership and control of UK companies, a number of changes designed to simplify a company and/or LLP’s filing requirements that were introduced by the Small Business, Enterprise and Employment Act 2015 are about to be […]

What is the PSC register? As of 6 April 2016, it is a legal requirement for all companies and LLPs to keep and maintain a register of ‘Persons with Significant Control’ over the company/LLP. Initially the PSC register must be held at a company/LLP’s registered office and made available for public inspection.  From June 2016, […]

In part 1 of my blog, I set out our top tips for establishing a new business vehicle and structure. It is equally, if not more, important to ensure that you have the appropriate contracts and registrations in place when you business is ready to start trading. Here are our top tips for safeguarding your […]

Setting up a new business is certainly an exciting endeavour. Entrepreneurs are by and large enthusiastic and ambitious about their chosen sector. However, despite gaining valuable experience in, or thoroughly researching the relevant industry, the legal pitfalls of starting a new business are often overlooked. Here are our top tips to get your new business […]