Questions and answers about Corporate Law
Can we run a business through a limited partnership instead of a company? 1 answer
1 answerWe are a group of investors planning a property project and are wondering whether a limited partnership would be better than a company. We heard about tax flow-through. What is the legal structure and what are the trade-offs?
Are we liable if a rogue employee signs a contract in the company’s name? 1 answer
1 answerAn employee in our sales team signed a large supply agreement on behalf of the company without approval, and the other party now says we are bound. We had a rule that only directors could sign contracts above a certain value. Is the company stuck with it?
A supplier says we agreed to buy stock for the year based on email exchanges and a verbal chat with our manager. We never signed anything formal. They are now claiming a large sum for goods we did not take. Can a contract exist without a signed document?
My co-director is rarely available, misses meetings and is not contributing, but is also a shareholder. I would like to remove them from the board. What is the process and do I need their agreement? I have never dealt with anything like this before and would like to understand my options clearly.
I own shares in a family company and want to transfer some to my sister. The constitution seems to say something about the board approving transfers. Can the company refuse, and what paperwork is needed to complete the transfer properly?
I chair a community sports club that is an incorporated society. Members mention that a new law requires us to update our rules and re-register. What has changed and what happens if we do not comply? I am not sure where to start or who I should be contacting about this.
My business partner and I are drifting apart, do we need an agreement? 1 answer
1 answerWe started a small company together with equal shareholdings and no written agreement beyond the constitution template. Now we disagree about direction and I worry about what happens if one of us wants out. Would a shareholders’ agreement help now, and what should it cover?
We can no longer pay our creditors, should we liquidate or try something else? 1 answer
1 answerOur company has fallen behind on supplier invoices and tax, and I am the sole director. I do not want to make things worse or face personal liability. What are the options besides simply closing the doors, and when do I need to act?
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