Our wealth of experience and legal expertise allows our Manchester corporate solicitors to advise you on any legal issue relating to company law and procedure. It’s a highly complex area of law that’s distinct from commercial law, although the two are closely related.
In a nutshell, commercial law is concerned chiefly with the transactions of a business and its commercial trading. Corporate law, on the other hand, looks inwards at matters relating to the business as a corporate entity. That encompasses its day-to-day operations, and every aspect of its formation, maintenance, and dissolution.
We provide extensive advice and assistance on all aspects of corporate law here at Farleys. Our corporate solicitors in Manchester take care to listen carefully to the details of your situation and tailor our advice accordingly, so that you can determine the best path forward for your business, resolving legal issues and paving the way for future growth and development.
Whether you’re looking to take the next step with an existing business, or you’re starting a new one entirely, you can trust our corporate solicitors to be there with you every step of the way.
All directors have a set of legal obligations to their company that they’re expected to abide by, as detailed in the Companies Act 2006. These set certain standards of ethics, diligence and loyalty, and are designed to prevent any issues that might arise from negligence or conflict of interest (as just two examples).
Breaches of these duties can entail serious consequences, such as requiring financial renumeration from a director to the company, or relieving them of their post entirely. The most extreme cases might even result in a prison sentence.
While directors duties are technically owed only to the company itself, 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 around Directors Duties can often be some of the most legally complex, and it’s important not to delay getting expert advice – especially if you think that you or a company director may be in danger of breaching their duties. That’s exactly where our corporate solicitors in Manchester can help.
Companies are required to maintain statutory records and registers by law, including the minutes of any board meetings, and registers of staff such as company directors or secretaries. Since April 2016, statutory records have also encompassed the register of PSCs (People with Significant Control) in your company.
Statutory registers essentially now act as the sole reliable source of up-to-date information and proof of shareholding, so there can be serious consequences for any lapses or failure to maintain them. Our business solicitors in Manchester can help you ensure that your own records are kept fully up to date, closing any gaps and giving you peace of mind that you’re fully compliant with the law.
Director and shareholder meetings must be run according to a set of specific legal regulations, so that any resolutions can be considered legally valid. These rules and regulations are laid out by the Company’s Articles of Association, as well as the Companies Act 2006, and the shareholder’s agreement (if there is one). Our business solicitors in Manchester can provide any assistance or advice you might need on directors and shareholders meetings, helping you to ensure that every one you hold is fully compliant with the law, so that their resolutions can 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 Manchester and across the North West. Our corporate 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 corporate 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 Manchester Corporate Law Solicitors today on 01254 367855 or contact us by email.