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Ownership issues: 23 FAQs
What are my rights as a shareholder in a private limited company?Can different shareholders have different rights?As a minority shareholder, am I protected against being treated unfairly?Are there any...
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Family businesses: 22 FAQs
What are the most common problems with family businesses?How can we minimise the risk of disputes over the running of the business?What can I do if family members who work for the business don't get on...
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Shareholder decisions in a private company: 11 FAQs
Do we have to appoint a chairman of each shareholders' meeting?What does the chairman actually do at shareholder meetings?I hear the annual general meeting has been abolished. Why do we need to hold...
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Your responsibilities as a director: 20 FAQs
Do I need any special skills or qualifications to be a director?What are my responsibilities to the shareholders?Am I responsible to anyone other than the shareholders?Can I have private dealings with...
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Directors' decisions in a private company: 12 FAQs
Are we required to appoint a chair of the board?Can we appoint our chairperson for any term, and remove them when we want, or are there restrictions?We have a chairperson in mind, but they are asking...
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Build your company's board
Limited companies are required to have directors, but besides such legal requirements, your high-growth company can benefit from the specialist knowledge and expertise they bring in key business areas,...
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Effective board meetings
The way you run board meetings says much about how you run the company. Successful companies use board meetings to create and improve key business strategies.This briefing is aimed mostly at companies...
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Directors' responsibilities
Company directors are responsible for the management of their companies. They must act in a way most likely to promote the success of the business and benefit its shareholders. They also have...
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Role of the company secretary
If you accept appointment as a company secretary, you will become an officer of the company, sharing legal responsibilities with the directors for certain tasks required by the Companies Act. It is in...
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Company administration: 16 FAQs
What administration is required?Who is responsible for company administration?Do we have to have a company secretary?If we do have one, who can we appoint as company secretary?If we appoint a company...
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Issuing and transferring private company shares: 26 FAQs
When might the company issue new shares?Do we need shareholders' approval to issue shares?Do we have to offer new shares to existing shareholders first?How does issuing new shares affect existing...
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Selling your shares back to your company: 16 FAQs
Why might I want to sell shares back to the company, and why might the company want to buy its own shares?Is a company allowed to purchase its own shares?Who can authorise the purchase by the...
View ArticleShareholder and boardroom disputes: 20 FAQs
What are the most common causes of disputes between shareholders?How can I minimise the likelihood of a shareholders' dispute?What are the most common causes of disputes between directors?How can I...
View ArticleFile company information online
Register for the Companies House WebFiling tool to save you money on your annual return, and file your company information free of charge.You can also use it to make changes to company information,...
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Shareholder agreements
Who needs a shareholders’ agreementCompany law rules generally provide that the directors of a company are responsible for day-to-day management of its business, and make most of the decisions. Only a...
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New director induction
New directors are likely to require some key information and training when they are first appointed. The checklist below highlights the key information new directors will need and will help them...
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Dealing with boardroom and shareholder disputes
Boardroom and shareholder disputes can arise for many reasons. When they do it is important to understand the legal rights of all parties and the options available as well as the consequences of...
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Employing family members
Employing your family members within the business can create tensions. If you can predict and cater for them and encourage family and workplace harmony, the commercial and personal benefits can be...
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Indemnifying directors against legal liabilities and costs
Directors can ask their companies to foot the bill for legal claims made against them. This leaves company directors less vulnerable to the risk of personal bankruptcy, but does that leave the company...
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How to get more out of your board
Consider appointing several directors – even if you are only obliged to appoint one director - who can bring a range of skills and personalitiesto bring different perspectives and expertise to board...
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