Having an idea for a new business can be exciting, but there are several important legal steps to follow to ensure you set the company up properly and eliminate any problems in the future.
Once funding has been secured, you should consider incorporating as a private limited company. The main advantage is that you will not be personally liable for the company’s debts, except in certain circumstances, and the company is recognised in law as having an existence that is separate from the directors and shareholders that run it.
The company must have at least one shareholder and director, as well as a secretary. You must register the company following the official process.
At Fraser Brown, we can help you with this process. Going into business can be daunting at first but we can take the stress out of it.
- BUSINESS ASSETS SALES & PURCHASES
- TRANSFER OF UNDERTAKINGS
- BUSINESS MERGERS
- CORPORATE FINANCE
- MANAGEMENT BUY OUTS (MBO'S)
- MANAGEMENT BUY INS (MBI'S)
- SHARE PURCHASES & SALES
- BANKING & SECURITY DOCUMENTS
- COMPANY FORMATIONS
- COMPANY REORGANISATIONS
- JOINT VENTURES
- LIMITED LIABILITY PARTNERSHIPS
- PARTNERSHIP DEEDS
- SHAREHOLDER AGREEMENTS
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