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1,500+ Business Documents - Minutes of board meeting held remotely
Minutes of board meeting held remotelyCompanies must record what happens at board meetings and this rule still applies to those held remotely by telephone/video conference. This helps to keep track of what was decided and when, and the minutes can also be referred to if there is any challenge to how a decision was made. Holding meetings remotelyMany companies' articles allow board meetings to be conducted via telephone, video or online. For example, the Model Articles allow directors to communicate with each...Click here -
1,500+ Business Documents - Director's service agreement
Director's service agreementAny director who is also an employee of the company should always be given a service contract. As well as ensuring there are no arguments over their status it should also minimise the possibility of any other misunderstandings arising. The enclosed agreement is all encompassing and addresses all the major issues that you'll need to consider. Key areas to addressA director is capable of having up to three different interests in a company - director, employee and shareholder. Sometimes,...Click here -
1,500+ Business Documents - Company director's loan agreement
Company director's loan agreementYour company has agreed to make a loan to one of the directors. Use our model loan agreement to get the terms agreed in writing.Helping handLoans to directors are permitted, as long as the shareholders are given basic information about them and they consent to them being made. Often, the terms of such loans are not formalised, which is fine while the going is good but can cause problems if the director fails to repay the loan, or ceases to be a director of the company. It's always...Click here -
1,500+ Business Documents - Shadow director checklist
Shadow director checklistShadow directors can have as much influence over a company as properly appointed directors. What is a shadow director and what are the consequences of being one?What is a shadow director?The Companies Act 2006 defines a shadow director as someone in accordance with whose directions or instructions a company is accustomed to act. Potentially, this could cover a range of situations, from a family business that regularly consults a non-director family member, to a holding company directing...Click here -
1,500+ Business Documents - Written record of decision by sole shareholder
Written record of decision by sole shareholderIt's common for small companies to have a sole shareholder. If your company does, one of the special rules that applies is the requirement to make a written record of any decisions made by the shareholder. Special rulesOne of the requirements in place to keep the identity of the company separate from that of its sole shareholder and also to make sure that proper records are kept is for all decisions of the sole shareholder to be recorded in writing. This must be...Click here -
1,500+ Business Documents - Sole shareholder checklist
Sole shareholder checklistIt's common for small companies to have a sole shareholder. Our checklist takes you through the special rules that apply. Special rulesIt may seem artificial to separate out the identities of a company and its sole shareholder, but this is essential to preserve the company's legal personality. Making sure that decisions and contracts are recorded properly helps to ensure that the company is not taken advantage of by its sole shareholder, particularly where they are also a director....Click here -
1,500+ Business Documents - Memorandum and articles of association - private companies
Memorandum and articles of associationAll limited companies have a memorandum and articles of association. Our model gives you a starting point that you can tailor to your company's needs. What's a memorandum?The memorandum simply states the subscribers' wish to form a company, agree to become members and agree to take at least one share each. Historically, it was a more complicated document, setting out the company's powers and any limits on them (called the company's "objects", along with information such...Click here -
1,500+ Business Documents - Resolution of general meeting to approve a loan to a director
Resolution of general meeting to approve a loan to a directorCompanies can make loans to their directors, provided a memorandum setting out the terms and purpose of the loan has been approved by the company's shareholders.Loan approvalTo obtain the shareholders' approval, either use the traditional method of calling and holding a general meeting to pass what will be an ordinary resolution or, alternatively, the written procedure that's now available. Companies don't, however, need to obtain the consent of its...Click here -
1,500+ Business Documents - Forming a company
How do we form a company?It's never been easier to form a company and to start trading immediately. But as always there's an element of you get what you pay for. So what are the pros and cons of each option?Click here -
1,500+ Business Documents - Special notice for the removal of a director
Special notice for the removal of a directorIf you lose confidence in one of your directors and need to replace them, use our quick guide to the procedure.It sometimes happens that members of a company lose confidence in a director. A quiet word in their ear may be enough to persuade them to resign. But what if they refuse? How do you go about getting rid of them? Removal by who? Unless the company's articles say otherwise, it's the company's shareholders who have the power to remove a director and not, contrary...Click here
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