With over 60 years of experience at Farleys Solicitors LLP, our corporate solicitors in Blackburn provide a comprehensive range of corporate law services.
Our wealth of experience and legal expertise puts us in the perfect position to advise you on any legal issue relating to company law and procedure. This highly complex area of law is related – but distinct from – commercial law, although there is a lot of overlap between the two.
While commercial law is concerned with the transactions of a business and its commercial trading, corporate law is more internally-focused, and concerns itself with legal matters relating to the corporate entity itself, such as its day-to-day operations and every aspect of its formation, maintenance and dissolution.
We can provide extensive advice and assistance on all aspects of corporate law here at Farleys. We know that each individual situation is different, so our Blackburn corporate solicitors take care to start by carefully listening to the details of your circumstances, tailoring our advice so that you can make an informed decision on the best way forward for you.
Whether you’re looking to take the next step with an existing business, or starting a new one entirely, you can rely on our corporate solicitors in Blackburn to help.
In the United Kingdom, Directors Duties are primarily governed by the Companies Act 2006, which detail the obligations that directors have to their companies. They set expected standards when it comes to ethics, diligence and loyalty, and emphasise the importance of keeping proper records with Companies House.
Failure to comply with these can entail serious consequences for directors, such as financial renumeration to the company, removal from their post, or in the most extreme cases, even imprisonment.
Technically, directors only owe their duties to the company itself. However, in some cases shareholders may choose to bring a derivative claim – in other words, collectively take legal action in the name of the company rather than for themselves.
For all these reasons and more, disputes of this nature often tend to be very legally complex. If you think that you or a company director may have breached any of your duties, it’s important to seek legal advice as soon as possible – and that’s where our corporate solicitors in Blackburn can help.
By law, companies are legally required to keep comprehensive statutory records and registers, which includes the minutes of board meetings, and registers of staff. (Since April 2016, this has also included details of any PSCs, otherwise known as People with Significant Control of your company.)
Statutory registers act as the sole reliable source of up-to-date information and proof of shareholding in any company. For this reason, there can be serious consequences for any lapses or failures to maintain them. Our business solicitors in Blackburn can help with expert advice and legal assistance to ensure that all your records are kept up to date, and give you peace of mind that you’re fully compliant with the law.
Director and shareholder meetings must be run in accordance with a set of exacting regulations, in order for any of their resolutions to be considered legally valid. These rules are detailed by the Company’s Articles of Association, as well as the Companies Act 2006, and the shareholders agreement (if one exists). Our business solicitors in Blackburn can help you ensure that every meeting you hold is in full accordance with the law, and that all resolutions on the company’s operations and future can therefore be considered legally valid.
Farleys Solicitors LLP is a friendly, trusted, and straight-talking local firm with over 60 years of experience in serving clients in Blackburn 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 Blackburn Company Law Solicitors today on 01254 367855 or contact us by email.
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