This fast-paced webinar is aimed at those who wish to dip their toe in the water of corporate work and obtain a short taster of the principles involved.
By the end of this webinar, you will understand the different structures available for businesses in the UK including differentiating between the different people involved in a private limited company and an appreciation of the information that is publically available in relation to a private limited company. This webinar will deal with:
1. Business Structures
The different forms of business structure available for commercial businesses in the UK, their key characteristics, how they are formed, and how they operate, including:
- Sole traders;
- Limited companies; and
- Limited liability partnerships.
2. The limited company
Review of the formation, constitution and internal structure of limited companies in relation to:
- Public and private companies;
- Articles of association; and
- Shareholders’ agreements.
Including an overview of the potential impact of the Small Business, Enterprise and Employment Act 2015 in relation to company transparency.
3. The limited company and its people
A review of their roles, rights and liabilities and the difference between:
- Directors (including new definition of shadow directors and prohibition of corporate directors);
- Third parties – agents, independent contractors and franchisees; and
- “Persons having significant control” (a new concept under the Small Business, Enterprise and Employment Act 2015).
4. Company acquisition
Review of the key differences between share sales and asset sales, including why the parties would choose one over the other and the key stages in an acquisition, including:
- Heads of terms;
- Due diligence (including data rooms);
- Sale and Purchase Agreement negotiation;
- Completion; and
- Post completion.
What is a phoenix company? what it is legally permitted to do? You will acquire an awareness of the possible procedures for an insolvent company together with potential actions a liquidator has against a company, including:
- Administration orders;
- Liquidation/winding up; and
- Liquidator/administrator powers.