A shareholders’ agreement sets out the rights and obligations of shareholders and is a binding legal contract between the shareholders and the company. A well-drafted shareholders’ agreement can give members a say in the running of the company and prevent misunderstandings and disagreements from arising in the future. By asking an expert corporate solicitor to…
When a shareholder wants to sell their shares or leave a small company it can upset the equilibrium of the business. Sale to another shareholder could mean the distribution of shares and any accompanying voting rights becomes weighted in favour of one person to the detriment of others. There are ways to avoid this to…
When your lease expires, it can be an opportunity to renegotiate the terms before you sign a new version. If your lease is protected by the Landlord and Tenant Act 1954, you will have security of tenure, or a statutory right to renew the lease. You will need to inform your landlord that you wish…
If you or your spouse has an interest in a business, there will always be arguments as to whether or not this should be taken into account during a divorce and treated as a matrimonial asset. If you have been in a long marriage, then the law aims to divide assets equally. This can be…
If you’re unfortunate enough to be the director of a company in pandemic-related financial trouble, you’re likely to be focusing all your attention on keeping your business afloat, looking after your staff and minimising losses. What about the personal risks to you as a director? Have you thought about the knock-on effects of continuing to…
After someone dies, their affairs need to be wound up and their estate distributed to the beneficiaries entitled to inherit. This can often be time-consuming and complex. The person administering a will, known as the executor, has a duty to the estate to deal with the administration promptly and ensure that all of the liabilities…
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