News and Blog
With several million companies registered at Companies House, the UK’s streets and internet sites are piled high with goods and services.
With a boom in sales expected in this quarter in the run up to Christmas, business owners can see their revenues rocket, something that should not be spoilt by the time consuming complications of inadequate company documents.
The overhaul of old fashioned and convoluted company regulations that resulted in the Companies Act 2006 (the Act) coming into force has modernised legislation in this area, removing out of date, over-complicated provisions and replacing these with restructured, more efficient guidelines. One example of this is the introduction of a new default rule book, which governs how the company is to be run. This is known as the ‘Model Articles’ and contains a set of standard directions, which accompany and compliment the Act, replacing the older style ‘Table A’ Articles.
Companies are not under any obligation to update their Articles, however, a review of your company’s internal documents is wise to ensure directors are not leaving themselves exposed to complex, unnecessary and time consuming procedures. Whether you operate an existing company or are contemplating starting a new one, if you would like more information or guidance on suitable company documents the commercial team at WSP offers a wide range of services for all your business needs and would be delighted to offer assistance.
You can also read further articles on Commercial Law here.
Do I need a solicitor to buy a piece of land?
At WSP, our commercial property solicitors handle all matter associated with buying a piece of land. Commercial Property Solicitors will have responsibilities such as: reviewing the contract for sale, preparing...
Gazumping and gazundering – perils in an uncertain market
Research suggests that nearly a third of recent sellers have suffered gazundering, which property pundits attribute to a downturn in the market. But, in some areas, the lack of suitable...
Why do Solicitors require source of funds in property transactions?
When your solicitor asks for bank statements dating back months, please believe us when we say they are not just being difficult! Gemma Francis, a Conveyancer in WSP Solicitors’ Residential...
Contact our office
Get in touch
