With over 60 years of experience at Farleys Solicitors LLP, our corporate solicitors in Accrington provide a comprehensive range of corporate law services.
Our decades of experience enable us to advise you on any aspect of company law. This is a highly complex area that’s distinct from commercial law, although there is a lot of overlap between the two. Corporate law focuses on the legal matters concerning the corporate entity itself, and every aspect of its formation, maintenance and dissolution.
By providing advice and assistance on the nature of corporate law and its nuances, our Accrington corporate solicitors can help you determine the best path forward for your business, resolving legal issues and paving the way for future growth and development.
Whether you’re starting a new business, turning from a sole trader to a partnership, or looking to evolve your existing business, you can rely on our corporate solicitors in Accrington to help.
Directors Duties in the UK are governed by the Companies Act 2006, which clearly lays out the obligations that directors have to their companies. Essentially, they set certain standards of ethics, diligence and loyalty that companies can expect from their directors, and emphasise the importance of keeping proper records with Companies House.
There can be serious penalties for any breaches of these duties. These may entail financial renumeration from the director to the company, or relieving a director of their post. In the most extreme cases, it may even result in imprisonment.
Technically, directors only owe their duties to the company itself. However, shareholders may choose to instigate a claim in the company’s name rather than for their own personal losses. These are known as derivative claims.
Disputes involving directors duties can often be some of the most legally complex. If you think that you or a company director may have breached any of your duties, it’s vital not to delay getting expert advice – and that’s exactly where our corporate solicitors in Accrington can help.
All companies are legally required to keep and maintain statutory records and registers, including the minutes of board meetings, and registers of staff. (Since April 2016, it also includes details of any PSCs, or People with Significant Control in your company.)
Statutory registers are important because essentially they act as the sole reliable source of up-to-date information and proof of shareholding, which is why there can be serious consequences for any lapses or failures to maintain them. Our experienced business solicitors in Accrington can help advise you on maintaining your statutory registers, spot any gaps, and help to ensure that you’re fully compliant with the law.
Directors and shareholder meetings must be run according to a set of very specific rules and regulations in order for any of their resolutions to be considered legally valid. These rules are dictated by the Company’s Articles of Association, as well as the Companies Act 2006, and the company’s individual shareholders agreement (if one exists). Our business solicitors in Accrington can help you ensure that you’re conducting your meetings in full accordance with the law, including any subsequent filing obligations.
Farleys Solicitors LLP is a friendly, trusted, and straight-talking local firm with over 60 years of experience in serving clients in Accrington and across the North West. Our Company law solicitors draw upon a wealth of knowledge and industry-specific expertise to provide clear, straightforward advice, while answering all of your most pressing questions regarding Company law.
We know that every situation is different, so we always begin by arranging an in-depth discussion with you about your circumstances, so that we can help you determine of the best path forward for you and your business.
Feel free to get in touch with our Accrington Company Law Solicitors today on 01254 367855 or contact us by email.
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