Buckworths advises start-ups, scale-ups, entrepreneurs, and high-growth businesses on the full range of corporate matters. Our corporate solicitors combine strong technical knowledge with practical, commercially focused advice across all sectors.
We work with clients throughout the lifecycle of their business, from incorporation and early-stage structuring through to restructuring, fundraising, and exit. Whatever the corporate objective, we have the expertise to deliver.
Book a free consultation to discuss your corporate needs.
Corporate Services
FAQs
A limited company has shareholders and directors and is the most common structure for start-ups seeking investment. An LLP has members rather than shareholders and is more commonly used by professional services firms. The key differences relate to taxation, profit distribution, governance requirements, and suitability for external investment. We advise on which structure best fits your business from the outset.
Common triggers include taking on investment, preparing for a sale or exit, separating different areas of the business, protecting assets, or resolving a shareholder dispute. Restructuring early is almost always cheaper and more straightforward than dealing with it later. We advise on the right structure for your stage of growth.
Directors of UK companies have statutory duties under the Companies Act 2006, including acting within their powers, promoting the success of the company, exercising independent judgement, avoiding conflicts of interest, and not accepting benefits from third parties. Breaching these duties can result in personal liability. We advise directors on their obligations and how to manage risk effectively.
A director can be removed by ordinary resolution of the shareholders under the Companies Act 2006. The steps are: 1. Check the shareholders agreement and articles for any provisions affecting the process. 2. Give special notice of the resolution at least 28 days before the meeting. 3. Allow the director to make representations to shareholders. 4. Pass the resolution at a general meeting. The process is more complex where the director is also a shareholder and we advise on the correct procedure and any associated claims.