The buck stops with you...or does it?
14 May 2019A company is a distinct legal personality, but there are circumstances where directors (the decision-makers) and shareholders (the owners) of companies can be held personally liable for the actions of a company, such as when they act outside of their authority or don’t follow the rules, a few examples of which are set out below: […]
MoreWhy ‘common law marriage’ is a myth
03 May 2019The number of unmarried couples living together in the UK is the fastest growing family-type. In a survey carried out by Resolution, the national organisation of family lawyers, it was found that two-thirds of cohabiting couples were under the misconception that ‘common law marriage’ exists when separating their finances upon the breakdown of the relationship. […]
MoreWhat SME business owners can learn from the Bezos divorce
25 Jan 2019This week, Amazon CEO Jeff Bezos and his wife of 25 years, MacKenzie, announced their divorce. Considered to be the world’s wealthiest man, Jeff has an estimated fortune of around $137 billion. With no pre-nuptial agreement or post-nuptial agreement apparently in place, MacKenzie is expected to receive half of his amassed fortune upon completion of […]
MoreThe Dangers of Distribution
10 Dec 2018As shareholders and/or directors of successful businesses, many of our clients are regularly dealing with distributions, but we find that they are not always aware of the complicated laws surrounding how distributions can be lawfully made. These laws are designed to protect creditors. What is the danger? If distributions are unlawful, they can be clawed […]
More
