When you are setting up a business you need to get your structure right. Do you realise that if you operate as a sole trader you have unlimited liability and all your assets could be at risk? There are key things you must do and are required to have by law.
If you opt for a partnership, a limited liability partnership (LLP) or a limited liability company, you need to govern the relationship with your business partners and shareholders – especially regarding management of the business and exit routes.
We are friendly and approachable and offer a cost-effective start up package. We know that money can be tight when you are setting up so here at Furley Page, we are here to help.
We can advise on the right structure and draft or review and negotiate partnership, LLP agreements or shareholder agreements.
You need to ensure your constitutional documents work with your shareholders’ agreement. We can help with the issue and allotment of shares, board and shareholder resolutions and any company law/Companies House requirements.
Were you aware, for example, that if you don’t incorporate restrictions in an agreement, someone could leave and compete with you? Or that even if you terminate someone’s employment, you could remain stuck with them as a shareholder if you don’t have compulsory transfer provision?
Furley Page will get to the bottom of what you need and help you achieve your objectives without breaking the bank.
We offer a tailor-made, start-up package which places you in control of how much work you do and how much work we do, which helps dictate the cost.