From discussing the options for your new business to putting the appropriate framework and documentation in place, the Corporate team members have the knowledge to make your vision become a reality.
There are different ways to start your business and in most cases you are not required to use a particular business structure. Some examples are:
We can guide you through this decision process so that you can be confident you have selected the right structure for you.
The source of finance will depend on various factors including the amount required, the type of business, ability to offer security etc. Options can include:
We would always recommend that your intentions for your business are formalised in writing in case of any disagreement in the future and to provide certainty for your new venture. Examples include shareholders agreements if you are setting up a company, or a partnership agreement, if you are setting up a partnership. We can advise you on the sorts of provisions which you should consider including depending on your business and any specific concerns you may have.
Director’s duties can be quite onerous, so if you are thinking about becoming a director you should consider your duties carefully. Remember, you don’t actually have to be validly appointed for the duties to apply. The courts also identify two other classes of people, shadow directors and de facto directors, who are also subject to most of the same duties and responsibilities.
You don’t need to become an expert in every aspect of company law; however, it is clearly a good idea to be mindful of each key area. The main general duties that a director owes to their company are:
Your duties can appear daunting, but we are here to help every step of the way.