Company Setup & Ownership

This aspect of corporate law focuses on the legal framework and procedures involved in establishing and managing companies. It includes selecting the appropriate legal structure (e.g., limited liability company, partnership, or LLP), drafting and filing incorporation documents, allocating subscriber shares (if the company is limited by shares), and establishing share rights. Additionally, it involves advising on corporate governance mechanisms, shareholder agreements, and compliance with company law regulations to ensure smooth operations and legal protection for stakeholders. It also includes ensuring that on formation your company has the correct paperwork as required by law including statutory books which evidence legal title to shares in a company.

Expenses involved in establishing a company will include Companies House registration fees, legal fees for drafting documents including the form IN01, articles of association (if model articles are not going to be used) and potential fees for other professional advice such as tax advice.

Articles of Association are internal rules governing the management and operation of a company. They cover matters such as shareholder rights, director responsibilities, and decision-making processes. A company may adopt the ‘model articles’ at incorporation or bespoke articles can be drafted by our team.

A shareholder agreement is a legally binding contract among shareholders of a company and the company itself, detailing their rights, obligations, and procedures for dispute resolution. It often addresses issues like share transfer restrictions, dividend policies, and management authority.