Our Newport office will be closed on Friday 19th June for the Isle of Wight Festival. Our Ryde office will still be open as usual, with phone lines and live chat available if you need us.
We’ll be back in Newport as normal from Monday 22nd June, thank you for understanding!
Proud to be celebrating 170 years in business
At Biscoes, our specialist corporate law team provide expert legal advice tailored to your business needs. Whether you're launching a startup or restructuring an established company, we offer comprehensive legal support across all areas of UK corporate law.
The law that governs how your company should be operated depends upon the structure of the company, including a partnership, a company limited by shares, or a company limited by guarantee. Our team can provide advice regarding company formation and structure.
Articles is a company’s basic rule book which governs matters relating to the management and operation of the company. Whether you own a newly incorporated limited company and require bespoke articles of association, or an established company that requires its existing articles to be amended to reflect changes within the company, our team can assist.
Whether you are consolidating, re-designating, subdividing, converting, or re-denominating shares our specialist team can assist to change the ‘look’ of your shares, including the preparation of all ancillary documents.
Articles of Association are essentially the rule book of a company. The company’s functions must be carried out in accordance with the provisions of the company’s articles of association, whilst also complying with the provisions of the Companies Act 2006.
Shares in a company are owned by shareholders and represent the amount of the company owned by that shareholder. Depending on the rights attaching to specific shares, the shareholders can take dividends from the company, vote at general meetings, and essentially receive funds from company profits.
A dividend is an amount of money that is declared to be paid to the shareholders of a company from the company’s profits. Where a limited company makes a profit it can choose to distribute the profit to shareholders by way of a dividend. Dividends are declared at the discretion of directors and the amount of dividend to be paid will be dependent upon the rights attached to specific shares.
A partnership is the coming together of two or more individuals who share in the management and profit of a business. The Partnership Act 1890 defines a partnership in Section 1 and states “Partnership is the relationship which subsists between persons carrying on a business in common with a view of profit”. Running a business as a partnership is different than running a business as a limited company. Partners of a partnership should consider having a partnership agreement prepared in order to govern the relationship between the partners and also to determine how the partnership will come to an end. If no partnership agreement is in place the partnership will be governed by the provisions of the Partnership Act 1890.
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