A partnership agreement outlines the division of profits and losses between partners. So what happens in the absence of a partnership agreement? A partnership can
A shareholder agreement governs how shareholders work together, but there is no legal requirement to have one. A shareholder agreement usually clarifies the rights and
A director’s access to company information often becomes a matter of interest if there is a dispute in the boardroom. There are various laws governing
The duties of Directors are incredibly broad. Common law duties will vary depending on numerous factors, including the size of the company and the relationship
Section 994 of the Companies Act 2006 allows shareholders to petition the Court on the grounds that the company’s affairs are being conducted in a
If your company is insolvent, you should immediately stop trading. It is illegal to trade whilst knowingly insolvent – this is called ‘wrongful trading’, a
Taking a loan without shareholder consent can be a serious matter requiring urgent attention. Steps such as the removal of monies or unlawful, unauthorised lending
Not necessarily. Under the law of England and Wales, the voting rights attached to specific shares generally depend upon the content of a company’s articles
Acting as a trustee requires understanding and complying with the duties, responsibilities and liabilities attached to the role. Trustees can find themselves in hot water