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Practical guides to organising records and preparing for legal discussions. Browse a topic or search a question.
Partnership agreements — decisions to record before drafting
Agree the commercial decisions before asking for a deed. Capital, work, profit sharing, authority and exit arrangements need specific instructions.
BusinessPartnership or LLP — comparing the legal structure
The choice affects legal personality, liability, governance and compliance. It should follow the intended business and risk allocation rather than only setup cost.
BusinessRegistration of a partnership and section 69
Check registration and the recorded partners before enforcing contractual rights in court. An unregistered firm's position involves statutory restrictions and…
BusinessA partner's authority to bind the firm
Identify the act, the business and the partner's actual or implied authority. An internal disagreement does not always answer the firm's position towards an…
BusinessAdmitting a new partner
Record the consent, effective date and financial arrangements before treating a new participant as a partner. Working in the business and joining the partnership…
BusinessRetirement from a partnership
Plan the legal exit, accounts and dealings with third parties together. Leaving daily work does not necessarily complete retirement or end every liability.
BusinessDissolution of a partnership and settlement of accounts
Dissolution requires a plan for authority, assets, liabilities and unfinished business. A disagreement between partners does not itself settle the accounts.
BusinessWho can sign a contract for a company?
Check the company's identity and the signatory's authority for the proposed transaction. A job title or company email is not the complete authority record.
BusinessCompany decisions and meeting records
Keep the actual decision, authority and supporting record together. A later summary should not be substituted for minutes or approvals that were required at the…
BusinessTransfer of company shares — preparing the record
Identify the shares, transferor, transferee and restrictions before signing or paying. An agreement to transfer and completion of the company's transfer process…
BusinessA director's resignation — identifying remaining steps
Record the notice, effective position and company filings accurately. Resigning from office does not automatically extinguish every earlier liability or personal…
BusinessAn LLP agreement — instructions for governance
Define contributions, management, profit sharing and exit in usable terms. The LLP agreement should reflect how the participants intend to operate the business.