Keeping one step ahead
What our clients say
Business Set up/ Start up
When starting a business it is vital that you have the right
business /legal structure in place to suit your business. It is
also essential to have the right business contracts and legal
documents in place to protect yourself and the business.
The Commercial Lawyers at ACUMEN BUSINESS LAW can
help you make the right decision on which type of business
structure is best for you and your business. To discuss starting a
business, business set up/legal structure or any other legal matter
with one of our commercial solicitors Book a Free Legal MOT.
Partnership
If you operate as a partnership we recommend you have a Partnership Agreement in place to ensure your partnership is not governed solely by the old Partnership Act of 1890(!)
Limited Company
If you set up a limited company, you will need to have in place Memorandum & Articles of Association and, if it is more than one of you, we recommend you have a Shareholders Agreement in place to implement some of your decisions, you will need to pass some Company's Resolutions and draft the relevant Minutes.
Limited Liability Partnerships
A Limited Liability Partnership (LLP) shares many of the features of a normal partnership - but it also offers reduced personal responsibility for business debts. Unlike members of ordinary partnerships, the LLP itself is responsible for any debts that it runs up, not the individual partners.
Get it right at the outset!
It cannot be emphasised enough, how important it is that you
have these legal documents in place at the outset- when everyone is
keen and enthusiastic about the new venture. It is extremely
difficult to reach an agreement at a later stage, particularly if
there are any disagreements.
Our areas of expertise include: