With everything going on right now, and businesses trying to carry on as usual as well as they can, the prospect of late filing fees and strike-offs may cause an added and very much unwanted stress.
However, Companies House is aware of the extra pressure, and that complying at these times may not be possible, so we have looked at the latest guidance , hopefully to put your minds at ease, and let you know what will and will…
Abstract of title A traditional method of deducing title used in unregistered conveyancing. Although rarely used now in practice, an abstract will summarise all dealings with the property interest, beginning with the root of title. It will also mention whether documents have been stamped and executed, although it is up to the person investigating title to check that the stamping is sufficient and the execution appropriate. Accelerated receipt A percentage reduction in the amount of compensation paid…
With the current Covid-19 situation, understandably more and more people are thinking proactively about getting their affairs in order, and perhaps making a will is one of those things that once was something to think about in the future, but is now becoming a “must do”.
However, there are strict guidelines and rules about the creation and execution of a will, so is this possible during lockdown?
Usually, if a solicitor is preparing your will, they would prefer to see…
The decisions made within a Company are either the Directors’ responsibility or fall on the shareholders. Whilst quite often, a shareholder will also be a director (and vice versa), it is important to keep the decisions to be made separate. The shareholders make decisions as owners, and the directors make decisions as the managers of the company.
When setting up a company, it is often the case that the initial members (shareholders) and directors are friendly and anticipate no issues with…
Buying and selling houses during lockdown: to move or not to move?
We’ve seen a lot of articles and blogs on this topic and thought we’d offer a bit more detail.
Covid-19 and the current lockdown situation has of course caused concern for everyone, but what if you are due to move house? What are the implications of the lockdown: should you exchange contracts if you haven’t yet, what happens if you have exchanged but don’t want to move during lockdown,…
Since GDPR came into force in May 2018, individuals your business deals with have the following rights¹ regarding the information you have about them:
• The right to be informed
• The right of access
• The right to rectification
• The right to erasure
• The right to restrict processing
• The right to data portability
• The right to object
• Rights in relation to automated decision making and profiling .
As a business you have the…
If you are a commercial landlord or tenant, what does the Coronavirus Act 2020 mean for you ?
BREAKING NEWS!! Matters are moving so quickly that since preparing this article on 31 March 2020, the following update needed to be added !
Working in retail, hospitality or leisure business?
Two reliefs are available for businesses in these sectors:
A holiday from business rates for the 2020-2021 tax year.
Cash grants up to £25,000 may be given to businesses in these sectors…
Why do you need a will ?
If you are in business that is likely to mean that you are hard at work building up a valuable business to look after you and your loved ones and provide a way of life. Life events affect work and vice versa. We would therefore encourage business owners to look at their personal planning to ensure that their wishes for their loved ones are just as well looked after
as their businesses.
Part of a business owner’s…
If you are a commercial landlord or tenant, what does the Coronavirus Act 2020 mean for you ?
BREAKING NEWS!! Matters are moving so quickly that since preparing this article on 31 March 2020, the following update needed to be added !
Working in retail, hospitality or leisure business?
Two reliefs are available for businesses in these sectors:
A holiday from business rates for the 2020-2021 tax year.
Cash grants up to £25,000 may be given to businesses in…
LLP agreements
It’s always good to know that any business partnership you enter into is protected and that, more importantly, so are you. Depending on the type of business arrangement you enter into, it’s always wise consider protecting yourself with a written agreement, even if the person you’re going into partnership with is a good friend or even a family member.
What is an LLP agreement?
A limited liability partnership sits somewhere in between a limited company and a partnership. It enables anyone who…