Banks aren’t the only ones facing the dangers of commercial borrowing. Stephen Netherwood explains.Our commercial clients tell us that it’s very difficult to obtain business capital from banks, and has been since 2008.
Maybe it’s a coincidence, but there’s something else that business lenders have been doing for the last few years that can make business borrowing more risky than it ever used
Someone contacted me recently for preliminary advice, but I was unable to help this potential client, so this post is by way of a warning!
If two or more people embark on a business venture without creating a company, then they have created a partnership. Now the law regarding partnerships is found in the Partnership Act of 1890, and there's a big problem. If there isn't a written partnership agreement, then… read the rest of “Partnerships – 'Parting is Such Sweet Sorrow'”
By Mark Diamond, Solicitor
Q: When is limited liability not limited liability?
The above question almost sounds like the start of a joke, except it’s not and, as Bennett Griffin has recently proved in the Court of Appeal, the consequences are no laughing matter.
What started as our client’s debt claim for £1,800 back in 2005 had by April 2011 escalated to the Court of Appeal with a director of the… read the rest of “Lifting the Corporate Veil”
Do you own, help to run, or work for a local company which would benefit from our legal experts offering advice at your offices, at a time which is convenient for you and the company? Are you the sort of boss or employee who wants to show they care about their staff and colleagues?
This initiative will benefit you, your staff and your colleagues at absolutely no cost to the organisation… read the rest of “Well Being in the Workplace: Family Advice Surgeries!”
