Latest News within Company Formation
When you are required to transfer a property once it is sold or at the end of the lease, you are required to give the new occupant vacant possession.
This is a strict requirement, meaning that the property must be capable of being occupied immediately. As such, it must be empty of people and the tenant’s belongings.
In a recent case, a tenant who was vacating a let property as a result of the termination of the tenancy wanted to continue to occupy the property for a few days after the break date in order to complete works necessary to comply with its repairing obligations under the lease.
The tenant requested the landlord’s permission, but there was no response to the request. The tenant kept the premises secure but retained the keys to the property after the break date.
The director of a company who decided to defend his company himself against a copyright infringement claim has found that failing to take legal advice early on in the proceedings has cost his company dear.
The company had reproduced more than 100 articles from a commercial vendor of such material on its own website, representing the content as having been written by people connected with the company
Companies need to be on the alert: there will be no ‘grace period’ after the Bribery Act comes into force from Monday 4 July 2011.
Strict new rules will reform the antiquated UK laws and clamp down on the bribery of public officials and corporate executives. Chris Sellars, head of Business Legal Services says: "We are concerned that a lot of companies haven’t really cottoned on to the introduction of this new Act”
Employers and agency workers need to take heed: the Government has announced that the new Agency Workers Directive will come into force in the UK on 1 October 2011 without any changes.
The regulations give agency workers entitlement to the same basic employment and working conditions as if they had been recruited directly, if and when they complete a qualifying period of 12 weeks in the same job. The effect will be to provide equal treatment for temporary agency workers, compared with permanent workers, in terms of basic working and employment conditions (including pay, holidays, working time, rest periods and maternity leave) once they have worked for the qualifying period of 12 weeks.
Banner Jones received another accolade this month from the InterContinental Finance Magazine (ICFM).
Chris Sellars, Director and Head of Business Legal Services says ‘We are delighted to have received the HIGHLY COMMENDED – TOP TIER FIRM status in the TOP BUSINESS LEGAL SERVICES FIRM OF THE YEAR – UK category. The awards are voted for by their readership who said that Banner Jones is considered to have performed to exceptional levels during one of the most difficult economic periods ever experienced. I am very proud of my team and all the staff at Banner Jones who make winning these awards possible.’
The Banner Jones Business Legal Services team are continuing to develop their Family Business specialism by utilising their ICFIB (International Centre for Families in Business) accreditation. Their regional specialism in this area allows them to give tailored legal advice to family owned businesses whose requirements are very different and often more complex.
Quite often businesses start up as either sole traders or partnerships but at some stage many of those will become a limited company. The question is, are you better off being a limited company (Ltd) rather than being a sole trader or in a partnership?
Many new business start ups are either sole traders or partnerships but at some stage many of those will become a limited company. The question is, are you better off being a sole trader or in a partnership rather than being a limited company (Ltd) or limited liability partnership (LLP)?
If you are starting a business this year and looking to lease a commercial property perhaps a Green Lease might be worth some consideration. Commercial property landlords all over the UK are starting to think Green and those that have already put measures into place are well positioned for any future enforcement of environmental performance. It is thought this could happen to help the UK reduce its overall carbon footprint.