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Corporate - FAQs

Corporate - FAQs

Please click on the relevant link below to access further information from our Corporate Group relating to these Frequently Asked Questions:

Incorporating a Company - FAQs

Including:

  1. What do I actually need to do to set up a company?
  2. I'm just setting up on my own at the moment - can I be sole director and sole shareholder in my new company?
  3. I've heard about companies having a company secretary. Do I need one?
  4. Can I call my company anything I want?
  5. What's a registered office for? Can it be anywhere?

Companies Act 2006 - FAQs

Why should I update my company's articles for The Companies Act 2006?


Scottish Partnership and Scottish Limited Partnership - FAQs

  • What is the difference between a Scottish partnership and a Scottish limited partnership?
  • Why would I set up a Scottish Limited Partnership?
  • And how?


Limited Liability Partnership (LLP) - FAQs

  • What is an LLP?
  • How does it differ from a firm?
  • Who, apart from law firms, typically sets up as an LLP?
  • How do I set up an LLP?

Company Directors - FAQs

 Including:

  1. Can anyone become a company director?
  2. What are the duties of a director?
  3. What happens if a director breaches one of these duties?
  4. What types of director are there?
  5. How would a company (or its shareholders) go about removing a director?

 
Buying & Selling Companies: Earn-Outs - Main Issues To Consider - FAQs

 Including:

  1. What are earn-outs?
  2. How are earn-outs calculated?
  3. What are the main advantages of earn-outs?
  4. What are the main disadvantages of earn-outs?

 
Company Secretary: Main Issues To Consider - FAQs

 Including:

  1. What is a company secretary?
  2. Who can be a company secretary?
  3. Does a company secretary require any formal qualifications?
  4. What are the duties of a company secretary and what can a company secretary be liable for?
  5. Does my company need a company secretary?
  6. What are the legal responsibilities of a company secretary?
  7. What is the role of a company secretary?

 Joint Ventures - FAQs

Including:

  1. What is a joint venture?
  2. Why would I consider using a joint venture?
  3. What are the potential disadvantages of a joint venture?
  4. How do I decide on which form the joint venture should take?
  5. What are the main issues that I should consider when getting involved in a joint venture?
  6. I want out. Is this possible and how?