Legal Article
18/10/21
The past few months have seen billions of pounds exchanged in deals involving some of the biggest and best-known businesses in the North West, including the likes of Sony Interactive Entertainment, Matillion, Boohoo, THG, Manchester United and Liverpool FC. Alongside these tech/retail/sports titans,…
Legal Article
15/09/21
Owning a company on your own is great, it means you have ultimate control over any decision which the company makes, without having to consider what anyone else thinks. However, as soon as a company is owned by more than one person, things become a little more complicated. The more shareholders of a…
Legal Article
29/06/21
EOTs were originally introduced by the Government in September 2014, in an attempt to encourage more shareholders to set up a corporate structure similar to the John Lewis model, by offering significant tax breaks. However, it took until the 2020/2021 tax year for the utilisation of EOTs to substantially…
Legal Article
07/05/21
Properly preparing your business for sale takes time, which means you need to start planning for a sale well in advance. However, you never know when an offer might come along that is too good to pass up - would your company be in a position to be sold at short notice? If not, this is the best time…
Legal Article
16/04/21
As of 30 April 2021, an administrator will not be able to make a 'Substantial Disposal' to a 'Connected Person' within the first eight weeks of the administration, unless they have obtained either: · An independent written opinion (positive or negative) ·…
Legal Article
18/03/21
Where a contract contains a specific timeframe for completion of a particular action, what is the position if such timeframe is missed? Does it matter if there were understandable reasons for missing the deadline? A recent Court of Appeal case makes it clear that the courts will be reluctant to…
Legal Article
19/02/21
When a shareholder of a company sadly passes away, many questions are brought up surrounding what happens to the deceased's assets. In this blog, we walk you through what useful steps can be used to transfer shares from the deceased shareholder. Relevant documents relating to the shares:…
Legal Article
10/02/21
National Apprenticeship Week began on 8 February. This year's theme is 'Build The Future.' With 20 years of experience in progressing employees through apprenticeships, Forbes Solicitors has helped build futures and this year has been no different and has been as successful, despite the…
Legal Article
02/02/21
What is a legal dividend? Paying a dividend is the usual way for a company to distribute a share of its profits among the shareholders. Part 23 of the Companies Act 2006 establishes what profits are available for distribution by dividend, and what accounts are required in order to justify a dividend…
Legal Article
15/01/21
Following reports from The Federation of Small Businesses (FSB) that 250,000 companies are at risk of closure in the next 12 months, Pauline Rigby, a partner and head of our Corporate team, looks at the restructuring options that can rescue businesses. Restructuring is often overlooked by…
Legal Article
14/01/21
Since the key case of R on the application of Mercury Tax Group and another v HMRC [2008] EWHC 2721 was heard over a decade ago, there have been significant developments in respect of the understanding of electronic signatures of legal documents, when they can be used, and their enforceability.…
Legal Article
04/01/21
Back in October, we highlighted the importance of directors being aware of their duties to the company and the risks that they take if they do not ( read our previous article here ). A recent case in the High Court has again emphasised the importance of a director's duties, specifically to…
