Documents for Business
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Shares and share classes
Shares and share classesMany companies have very simple share capital, but companies have the freedom to create different types of share. This checklist explains what shares are, the common types and why a company might want to create different class... Read more
Why form a company
Why form a company?Often, a business is incorporated because its professional advisor has recommended it as the most tax-efficient way of doing business. But are there other benefits, and are there any downsides?Taking the plungeMany businesses start... Read more
Shareholders
What is a shareholder?Shareholders often provide valuable investment in a company. But is there more to their role?Separation of powersShareholders and directors are often the same people, especially in smaller companies. Even so, shareholders have a... Read more
How companies work
How companies workSmall business owners are used to doing everything, from carrying out seemingly menial tasks to making complicated management decisions. If the business takes the form of a company, they must remember to keep their various roles sep... Read more
Forming a company
How do we form a company?It's never been easier to form a company and to start trading immediately. But as always there's an element of you get what you pay for. So what are the pros and cons of each option? DIY project?You've made the decision to form ... Read more
Removing a director
Removing a directorThings haven't worked out and you need to get rid of a fellow director. Will showing them the door suffice? Or do you need to follow a set procedure?Time to say goodbyeDirectors cannot just get rid of a fellow board member. Removing... Read more
Appointment of directors
Appointment of directorsWill an offer to join the board made on the golf course suffice? What are the legal and other requirements?ProcessThe process for appointing a director is straightforward but appointing a pal on the golf course on the spur of ... Read more
Shareholders' meetings
Shareholders' meetingsThanks to the popularity of written resolutions, shareholders' meetings are less common. However, they are still sometimes necessary. Use our summary to check that you follow the rules and ensure your company's decisions are valid.... Read more
Trading options
What are our options? It's important to understand the different trading options - some will be more suitable than others. Pay particular attention to the issue of personal liability.... Read more
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