Article Category: Corporate – Insight & Opinion

Although there is no longer any statutory requirement for private companies limited by shares to hold an Annual General Meeting (AGM) in the same way as public companies, they may still be required to do so by their existing articles of association, or still maintain the practice of holding them once a year. If they… Read more »

As a result of Covid-19, Companies House has confirmed that companies will be able to apply for an immediate three-month extension period to file their accounts. Businesses were able to apply to make such an extension application from 25th March 2020. There are some exceptions where COVID-19companies have previously applied for an extension to their… Read more »

If you are looking at the options available for exiting your business, an Employee Ownership Trust (EOT) may be worth considering. Previously, an individual looking to sell their shares in their company to a trust for the benefit of the employees faced a potentially significant tax charge. However, since the introduction of the EOT under… Read more »

In our previous blog, Important changes to entrepreneurs’ relief announced in autumn 2018 budget, we explained how the proposed changes set out in the Autumn Budget 2018 appear to have added additional conditions that must be met in order for an individual shareholder to qualify for entrepreneur’s relief to reduce their Capital Gains Tax liability to… Read more »

The recent budget contained a number of important changes, but one that slipped through largely unnoticed at the time of the announcement in Parliament related to changes to the availability of entrepreneurs’ relief. Background to entrepreneurs’ relief: Entrepreneurs’ relief is a tax relief that is widely used on the sale of certain qualifying business assets… Read more »

The ability of a private limited company to purchase its own shares is a tried and tested method of providing an exit route for shareholders who are looking to cash in their investment, or who may be compelled to sell their shares following the termination of their employment, or as a result of death or… Read more »

Running a business involves planning for the future and setting goals. Unfortunately illness or loss of mental capacity is not something we can predict. A Commercial Lasting Power of Attorney (LPA) can help to ensure your business continues to run smoothly should you lose mental capacity or be unable to run your business due to… Read more »

    The data protection developments together with a general increase in awareness of fundamental rights, particularly the right to privacy, have led to legislative changes in the form of the GDPR and the emergence of a new regime of privacy protection. Businesses are increasingly aggregating employee or customer information and collecting and processing data…. Read more »

Business owners are often unaware of the obligations they need to comply with when it comes to organising and holding board meetings. The Companies Act 2006 sets out the requirements. How can you make sure that your business is compliant and avoid potential disputes? Our guide, below, can help ensure that best practices are followed… Read more »

Every business needs a formal structure to deal with management and control. Managing a family business is no different; working with your family can present some unique challenges and also some great opportunities. When you start your business, you may well have an informal management style, rather than a formal management structure. Some business strategists… Read more »