How to Protect Yourself When Buying or Selling a Small Business (SME)
By Kuldeep S. Clair – Solicitor, KSC Legal Buying or selling a small business is a significant commercial transaction with legal, financial and operational implications. It is an area where assumptions can be costly and where early, senior-level advice makes a material difference to the outcome. With more than 25 years’ experience advising SMEs across […]
Buying a Business? The Mistakes That Can Cost Buyers Thousands
By Kuldeep S. Clair – Senior Solicitor & Advocate, KSC Legal Acquiring a business is often a significant commercial milestone. For many clients it represents growth, independence or a strategic shift in direction. It is also one of the most financially exposed decisions an individual or company can make. A well-structured purchase can provide a […]
Shareholder disputes – ‘unfair prejudice’
Small companies are often described as ‘quasi-partnerships’. That is because the owners are the day-to-day operators and know what is going on. When it is operating well, it is great. But sometimes minority shareholders can feel disadvantaged. They can suffer an ‘unfair prejudice’ which, if enough to satisfy the requirements of section 994 of the […]
Personal liability of directors
Can the directors of a limited company be personally liable for the company’s breaches of an employment contract with its employees? Kuldeep S. Clair looks at an interesting recent case: The basic principle is that the company is a legally distinct and separate entity from those individuals that own and direct the company. That […]
CASE STUDY: commercial money claims – outstanding invoices
Personal or on behalf of a business, whether you are pursuing or defending An example case I am accustomed to recovering money or defending claims for monetary sums on behalf of our clients. Unfortunately the fact that it is not possible to recover hardly any legal costs in cases in […]