Although a written partnership agreement is not required to form a partnership it is vital to avoid uncertainty and the automatic application of unsuitable statutory law. A partnership is created when two or more people come together in business to share profit and losses. This type of agreement is usually made for relationships of a [...]

A shareholder agreement is perhaps one of the most important documents a privately owned company can have. Shareholder agreements are so important because they provide a method for: Resolving shareholder disputes Preventing the personal circumstances of one shareholder affecting the company or other shareholders Defines the powers of the shareholders Defines the procedures and limits [...]

All companies registered in England and Wales are required to appoint a “company secretary”. This appointment comes with a weight of legal responsibility under the Companies Act with around 150 offences for which breach a company secretary can be prosecuted. Many smaller companies appoint one of the directors or a spouse as a company secretary. [...]

Company formation to most people means forming a company limited by shares and is often know as a “private limited company”. Shares are issued and directors are appointed by the shareholders (often the same people in a small business). The benefit of this type of company over a partnership is that the shareholders have limited [...]