Registering a company in the UK is not expensive and we regularly see offers stating that the registration of a company is free with certain products. Many people don’t know how to register a company so this may be a very tempting, however this approach poses significant risks for companies.
The first resolution of an AGM is often to receive and adopt the financial statements. This is in spite of there being no legal requirement in the Companies Act for any resolution relating to the accounts to be put to members. In other words, technically speaking there is no legal need to do this.
The UK was one of the first countries to establish rules for the operation of companies. Today, more than 6 million businesses in the UK benefit from a system of company law and corporate governance that decides how they are formed and run, and how business is conducted. The Companies Act 2006 is the primary […]