Toby Price, Solicitor

Get us involved early on: this will allow us to spot potential pitfalls before they arise and will make the transaction smoother.

Ask questions: if something is unclear or uncertain, give us a call. We are always happy to talk matters through to ensure that you have a clear understanding of what is happening at each stage of a transaction.

Plan ahead: whilst revising articles of association and shareholders’ agreements is not a particularly glamorous activity, failing to adequately future-proof your business can be far more expensive and time consuming further down the line. Think of a well-considered set of articles and shareholders’ agreements as a form of insurance policy.

Can we simply adopt Model Articles for our business?

In principle, yes, but the Model Articles are almost never fit for purpose. For example, regulation 14 of the Model Articles says a director cannot form part of a quorum on any decision which relates to themselves, or their connected parties, unless approved by shareholders. If this article is not amended, any decision made in breach of the above is rendered invalid.

Will involving a solicitor create more problems?

Our overriding aim is to provide a pragmatic and commercially-driven approach to achieving your goals. If we spot an issue that needs addressing we do so because we know the risks all too well.

What value can you add to our business?

We will help to ensure that your company reaches its full potential in respect of its corporate governance, equity structure and employee incentive schemes. This, in turn, will ensure that your company is as attractive as it can be for would-be buyers or investors.