Directors’ duties and responsibilities
Company secretarial matters
Do you need a non-disclosure agreement (NDA)?
Our free bespoke NDA builder is tailored to safeguard your sensitive information during business transactions, ensuring your discussions remain confidential.
Whether you’re engaging in a sale or exploring new business partnerships, our NDA provides the security you need.
It only takes five minutes to answer a few simple questions. The NDA document will then be emailed to you, ready for downloading and signing.
Do you need a shareholders’ agreement (SHA)?
Our bespoke SHA builder is designed to define the roles and responsibilities of shareholders, ensuring clarity and protection for your business interests.
Whether you’re forming a new company or managing an existing one, a SHA helps establish essential governance and decision-making processes.
Simply answer our straightforward questionnaire, and for a small fee of £500, your customised SHA will be ready for download.
In the UK, various business structures suit different needs, including:
Sole trader: This is the simplest form, with one individual owning and operating the business, bearing full responsibility for all liabilities and debts.
Partnerships: This involves two or more people:
Limited companies: These protect shareholders’ liabilities up to their investment and include:
Each structure has distinct implications for management, liability, and tax obligations.
There is no legal requirement to have a shareholders’ agreement but it can help prevent disputes and regulate the relationship between the shareholders, set rules around the ownership of shares and assist in the management of the business. It can also be used to resolve disputes amicably and plan shareholders’ exit strategies. It is important that advice is taken when drafting a shareholders’ agreement to minimise potential future risks.
Shareholders own the business by owning its shares, whereas the directors manage it day-to-day. The same person can be a shareholder and a director which allows an individual to set up and manage a limited company on their own.
Business terms and conditions are strongly recommended as they set out the rules and expectations between your business and its customers or clients; helping to avoid difficult situations like not getting paid and protecting your business’s legal rights under UK company law. They clarify obligations, safeguard your rights, and reduce potential disputes.
Due diligence is a comprehensive appraisal of a business prior to signing a sale and purchase agreement. It is a critical process in business transactions, particularly in mergers and acquisitions, as it thoroughly investigates all aspects of a company’s operations.
This process includes the assessment of financial records, legal compliance, business operations, and strategic positioning within the industry. Due diligence confirms all material facts and ensures that nothing significant is hidden, thereby reducing the risks associated with business transactions.
Feeling left in the dark and unsure of where you are with your business transaction can be stressful. Rubric takes a hands-on approach to eliminate these frustrations.
Proactive communication. From instruction through to completion we will update you regularly and commit to responding to enquiries quickly. You will have peace of mind knowing when your next update is due. Read more about our communication charter here.
Transparent price structure. This will be clearly discussed before any work is started, so you won’t be left with any surprises at the end.
We’re all about keeping to our timeline. With our seasoned experience and efficient processes, we ensure everything runs smoothly and on time.