Corporate Blog

A recent attempt by business owners to sell their company brought home to the Everyman Legal team the dangers involved. A chance unsolicited approach prompted the owners to think that the time might be right to sell:  one owner would stay as a working director and the other two would step down. The buyers presented […]

The directors of a company have day to day responsibility for the running of the business, its strategic direction, and decisions relating to operational management. They also owe a number of statutory duties to the company which are set out in the Companies Act 2006. Breach of these duties could have severe consequences and this blog […]

Whilst the process might seem daunting, with the help of your professional advisers you can ensure that things run as smoothly as possible when you come to sell your business. Here are our top 10 things to consider: Check your Company’s constitution What do your Articles of Association or Shareholders’ Agreement say? It may not be important […]

Your terms and conditions of business could be vital to ensure that your liability is appropriately limited if there is any trading risk linked to the product or service you provide. We’ve put together our top 7 things to consider: 1. Data Protection and IP GDPR has been a hot topic over the last 12 […]

Whether your business is mature or if it is just starting out, the Articles of Association of your company will be the set of rules defining how the company is to be run, including details of any complex relationships between the company, its shareholders and directors. As with most rulebooks, you may well be unaware […]

We understand that starting a business can be daunting so we’ve put together our top 10 tips to help you through the legal complexity. 1. Business name Your branding will be vital as you look to grow your business so you’ll want to make sure that your business name is protected. Companies House will give […]

Buying a business presents significant risks to the buyer.  This is particularly so for any “people” business where customer relationships may be inextricably linked to you or other key members of your team.  Buying assets that go “up and down in the lift”, as one observer once put it, can be very high risk. The […]

Many business owners underestimate the time and effort involved in getting their business ready for sale. An even more difficult challenge is finding a buyer who is prepared to pay the price you need on the terms you want. If you’ve overcome these hurdles and an offer has been made for your business don’t think […]

So you’ve had an indicative offer for your business and a confidentiality undertaking has been signed. What happens next? Heads of Agreement The buyer will have already done some homework which will have enabled them to make an offer subject to due diligence (see below). But before we get there it is always advisable to […]

There are a number of alternatives available to you when it comes to selling your business. Most business owners think that a trade sale is the only (or most attractive) route to exit. In this blog we explore a number of options that should be considered… 1. Trade Sale Let’s start with the typically assumed […]