UK Company Formation Solicitors in Manchester and London helping you set Up your business
Monarch Solicitors can offer advice on a wide range of matters relating to forming a new limited liability company (LTD), a Limited Liability Partnership (LLP) or a Partnership for your new business venture. Our business start up solicitors have vast knowledge of forming UK companies and setting up UK businesses so that you can benefit from expert advice from the start.
The prospect of being an entrepreneur by starting a new business venture should be an exciting one, but in practice the process involved in setting up a business is blighted by numerous legislation and regulations in place which businesses need to abide by. Therefore, seeking professional legal advice is a must so that you understand what you are getting into and the wide array of legal implications that go along with starting and running a business.
Starting a new business venture requires time and effort to plan and research on the most appropriate business structure to adopt in relation to your business. This is an important decision to make, one that should not be taken lightly as it is important to form your business correctly at the outset. Incorporating the right business entity can allow the business the platform to meet the requirements of the business, understand the legislation and regulations the business has to follow, and understanding your legal obligations as the business owner or director.
If you are considering starting up your own business, our company formation solicitors can advise on the best way to form your company based on your specific business requirements and advise you on the legal implications of each business structure in respect of your business.
The Services We Can Provide
When you start up your business we can provide expert legal advice on:
- Business formation and registration of new UK companies and ‘off the shelf’ companies
- Corporate restructuring
- Partnership agreements
- Shareholder agreements
- Joint venture agreements
- Consumer contracts
- Employment law
- Director duties
- Companies Act compliance
- Director duties
- Intellectual property
- Commercial leases
The Different Types of Legal Business Structures
The following business structures in the UK are:
- Sole trader
- Limited liability partnership (LLP)
- Private limited company (LTD)
- Public limited company (PLC)
- Non-profit organisation
How Monarch Solicitors can help?
Every business is different in regards to the industry sector, how a business trades, and the goals of the business. With this in mind, we can provide bespoke advice unique to your circumstances, so that you can navigate in uncharted waters of all the complex procedures involved when setting up a business to help you achieve your desired outcome.
We will work closely with you to understand your business and the requirements of the business, to advise you on the best way of forming your business to meet the specific needs of your business and allowing you to understand your legal obligations as the business owner. This provides us the platform to make informed strategies and resolutions in the best interests of you and your business’ long-term strategy.
Contact our Company Formation Solicitors
If you would like to enquire about any matters relating to UK company formations or business set up, please complete our online contact form here or send an email to us at [email protected] and one of our company formation solicitors shall call you back. Alternatively, please call our business set up solicitors on 0330 127 8888 for a no obligation discussion.
Call us for a free initial consultation
Limited liability is where the business becomes a separate distinct legal entity from the business owners. This means that the finances and assets of the business owner and the company are completely separate. Therefore, business owners are only liable for the amount they have invested into the business. They would not be liable for any losses or debts incurred by the business. This reduces the business owner’s personal exposure to financial risk if the business were to incur debts or become insolvent.
A private limited company (LTD), public limited company (PLC), and limited liability partnership (LLP) all have limited liability, whilst business entities under a sole trader or partnership do not have limited liability.
Any individual of any nationality may register a limited company subject to a few conditions:
- They are not an undischarged bankrupt;
- They have not been restrained by court order;
- They are not subject to UK govern
However, Monarch Solicitors can help with:
- Preparing partnership agreements;
- Preparing shareholder agreements;
- Preparing articles of association;
- Selling, buying or leasing commercial property;
- Obtaining licences to trade.
Under company law, all companies must have Articles of Association which sets out the internal rules of the company and governs the company’s operations and affairs. A typical Articles of Association consists of:
- Voting rights of shareholders
- Details of shares and dividends and how they can be issued and transferred
- Details of general meetings
- Directors’ responsibilities
- Procedures on how to appoint and remove a director
- Decision making power
If the provisions within the Articles of Association are not adhered to, a claim or an injunction can be made against the directors to prevent violation of the Articles of Association.
Solicitors you can trust
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