What is the Role of the Company Secretary?
All UK public companies require a company secretary by law, under the Companies Act. Private limited companies however are not required to appoint a company secretary, however the directors may still choose to do so, as there can be many practical benefits to the organisation of having a dedicated individual in this role. Many important […]
What is a Private Limited Company? (A Guide!)
A Private Limited Company in the UK is a specific business entity that offers its owners limited liability. This means that the financial responsibility of the company’s members is limited to the value of the shares they hold that have not been paid for. This structure is designed to protect the shareholders’ personal assets, limiting […]
LLP vs Ltd: Differences Explained
LLPs and Limited companies are common types of business structures in the UK. Both are used to limit liability while offering flexibility, but there are also notable differences between the two. In this guide, we set out the key considerations of the LLP vs Ltd company structures to help determine which you should adopt for […]
What Does Limited Liability Mean?
When setting up a company, it’s important to understand how different types of business structure work. Factors such as the business owners’ exposure to financial risk will require careful consideration when deciding which type of company structure is most suitable. In this guide, we focus on limited liability structure. We explain the meaning of ‘limited […]
Person with Significant Control (PSC) Explained
Companies and limited liability partnerships must comply with certain PSC requirements, by identifying individuals who own or control the company, who are referred to as People with Significant Control (PSCs). In this guide, explain how to identify PSCs and the PSC compliance obligations, as well as the consequences of non-compliance and what happens if a […]
What Are Warranties And Indemnities?
Warranties and indemnities are key contractual mechanisms in any complex or high value commercial transaction, especially in the context of sale and purchase agreements (SPAs). The following guide outlines the use of warranties and indemnities in SPAs, comparing the key differences and examining how these types of clauses can be enforced through the courts. We […]