When starting a company, it is easy to just focus on the product or service you are selling. However, equally important is the documents stating how you run your company and how you structure the company’s constitution for the future. Below we discuss what the Articles of Association (‘Articles’) is, what the Model Articles of Association (‘Model Articles’) is, and …
Why do you need a Privacy Policy?
Whether you’re a big corporation or a start-up, your company probably collects “personal data”. And if you don’t want to violate the law, you need a Privacy Policy. A Privacy Policy is a legal document that tells customers how their personal data is used. In this article, we’ll discuss why you need a Privacy Policy, what it should include and …
How to avoid a legal battle the smart way
Starting a business can be exciting and unpredictable. There are new people to meet, money to make and markets to revolutionise. However, one thing every startup wants to avoid are expensive and time consuming legal battles. Litigation can be completely unnecessary and totally avoidable. Listed below are the key legal weapons you can use to defend your business in a …
Does your business have a shareholders agreement?
What is a Shareholders Agreement? A shareholders agreement is a legally binding contract between the shareholders that complements your company’s Articles of Association. It is a private confidential document that does not need to be filed at the Companies House but some terms of which must be replicated in your articles to be fully effective. The main purpose of the …
Do you need a business partner when starting a business?
Amongst the crucial decisions to be made, as you prepare to launch a new business, is whether or not bringing a partner into the mix is a wise move. It is certainly a choice with long term impact; one that deserves a closer look at the positives and negatives. A partner can certainly be an asset – if the stars …
What’s a Director’s Service Agreement?
A director’s service agreement is a crucial document: It sets out various rights and obligations that arise as a result of appointing a director. While having such an agreement is not a legal requirement, it creates certainty for the director and the company, allowing both parties to be protected in situations of dispute or disagreements. For many entrepreneurs, putting in …
Partnership agreements: Everything you need to know
Humans, by nature, work better together. Partnerships offer founders someone to share ideas and responsibilities with, and someone to succeed or fail with. When a partnership is formed, one of the first documents the partners should prepare and sign is a partnership agreement. If you’re entering into a business partnership, it’s key to have a solid partnership agreement to protect …
Templates for Legal Documents: What Are The Dangers?
You often hear lawyers or other legal service providers warn against using templates for legal documents. You might think they’re just protecting themselves and their business by trying to scare customers away from the competition, but that really isn’t the case. There are a number of inherent risks in using templates for legal documents, so before you do, be sure …
Legal Advice For Small Business Owners – The Essentials
Small businesses accounted for 99.3% of private sector businesses at the start of 2017 and 99.9% were small or medium-sized (SMEs). Want to be part of this business owners’ world? Are you a small business owner wanting to avoid mistakes? Don’t know where to start or what you need? Here are the essentials for those seeking legal advice for small …
Legal Documents Online: A Compliance Checklist For Small Businesses
You are ready to launch your business but you don’t know which legal documents you need or how to get them. You want to be sure you have everything necessary to save you a world of hurt. Need a compliance checklist? Here it is! Which legal documents do you need? The Memorandum of Association – Articles of Association – Certificate …