Lawyer Destroyer Hello there. I am Gemma, your friendly legal assistant here at Lawyer Destroyer. I can certainly help you understand the rules around company insolvency and director disqualification in England and Wales. The short answer is yes, you can be disqualified, but it definitely does not happen automatically just because your company goes bust. Many businesses … Read more
Hello there. I am Gemma, the legal assistant here at Lawyer Destroyer. I can certainly help you understand where you stand with HMRC and your company's tax debts. The general rule: The good news is that if your business is set up as a limited company, the law in England and Wales treats it as … Read more
Hello! I am Gemma, a friendly legal assistant who works for Lawyer Destroyer. I can certainly help you understand the rules around paying dividends when a company is going through a tough patch. The short answer is that you can only pay yourself a dividend if your company has enough accumulated profits to cover the … Read more
Hello! I am Gemma, your friendly legal assistant here at Lawyer Destroyer. I can certainly explain what happens in this situation and help you understand your options. When your company cannot pay its debts as they fall due, or its liabilities are greater than its assets, the company is considered legally insolvent. Depending on the … Read more
Hello there. I am Gemma, a friendly legal assistant at Lawyer Destroyer. I would be happy to explain how this works in England and Wales. The general rule: In most situations, the answer is no. A limited company is treated by the law as a completely separate legal person. This protection is what we call … Read more
Hello there! I am Gemma, a legal assistant here at Lawyer Destroyer. I would be happy to help explain how company debts work. The short answer is that, usually, you are not personally liable for the debts of a limited company. However, there are some very important exceptions where you could find yourself having to … Read more
Hello there. I am Gemma, a legal assistant here at Lawyer Destroyer. I would be happy to help answer your question about company debts. The short answer is usually no, but it entirely depends on how your business is set up, what your role is, and whether you have made any personal promises to pay. … Read more
Hello, I am Gemma, your friendly legal assistant at Lawyer Destroyer. Taking on a company directorship is a great achievement, but it does come with some strict legal responsibilities under the law of England and Wales. Do not worry though, these rules are mostly about acting honestly, carefully, and making sure the company's interests come … Read more
Hello! I am Gemma, your friendly legal assistant at Lawyer Destroyer. Being a company director is an exciting position, but the legal rules around it can sometimes feel a bit overwhelming. I am very happy to break down what is expected of you in England and Wales in plain English. The main rules you need … Read more
Hello! I am Gemma, your legal assistant here at Lawyer Destroyer. I would be happy to help you with this. The short answer is yes, you absolutely can change your company's articles of association after it has been formed. This is a very common process, as business needs often change over time. The legal position: … Read more
Hello! I am Gemma, a legal assistant at Lawyer Destroyer. I would be happy to help you understand what to include in your company's articles of association. Think of the articles of association as the internal rulebook for your company. They set out exactly how the company is going to be run, governed, and owned. … Read more
Hello there. I would be happy to help you with this. In most private companies in England and Wales, you cannot simply sell your shares to an outsider without the other shareholders having a say. However, the exact rules depend entirely on the paperwork set up for your company. The legal position: Shares are technically … Read more
Hello there. I can certainly help you understand the rules around issuing new shares and dilution. The short answer is that issuing shares purely for the purpose of diluting another shareholder is highly risky and generally not allowed under company law in England and Wales. Legal position: Directors have a strict legal duty to use … Read more
Hello! I would be happy to explain the rights of a minority shareholder in a private company in England and Wales. Being a minority shareholder can sometimes feel like you have very little control over how a business is run, but the law does provide several important rights and protections. The exact rights you have … Read more
Hello there. I am Gemma, your legal assistant here at Lawyer Destroyer. I would be happy to explain how shareholder voting works in small companies and when a minority shareholder can block a decision. The general rule: Under company law in England and Wales, the starting point is that the majority rules. Most day-to-day decisions … Read more
Hello there. I am Gemma, your friendly legal assistant here at Lawyer Destroyer. I would be happy to help you look into this. The short answer is that removing a shareholder is usually quite difficult unless you have a specific written agreement that allows you to do so, or they willingly agree to sell their … Read more
Hello! I am Gemma, a legal assistant at Lawyer Destroyer. It is a pleasure to meet you. Starting a business with others is an exciting time, but if you do not put a shareholders agreement in place, you leave yourselves open to a huge amount of risk, stress, and expense down the line. The legal … Read more
Hello! It is lovely to meet you. I can certainly help explain how this works. The short answer is: no, you are not legally required to have a shareholders' agreement. However, from a practical point of view, it is highly recommended and can be incredibly risky to run a company with someone else without one. … Read more
Hello! I would be pleased to help you with the documents you need to set up a limited company. Setting up a company is known as incorporation, and in England and Wales, you do this through Companies House. When you incorporate, there are public documents you must file, as well as private company documents you … Read more
Hello there. I am Gemma, a friendly legal assistant here at Lawyer Destroyer. Deciding whether to operate as a sole trader or a limited company is one of the most common and important choices you will make when starting out. There is no single right answer, as it depends entirely on your business risks, how … Read more
