At 11pm UK time on 31 January 2020 (exit day), the United Kingdom left the European Union in accordance with a ratified Withdrawal Agreement between the UK and the EU....
What is a charitable incorporated organisation (CIO)? A charitable incorporated organisation (CIO) is a form of legal entity that is only available to charities. A CIO: •...
Charities can adopt a variety of different legal forms or structures. A charity’s governing documents will depend on the form or structure adopted. In addition, a...
FORTHCOMING CHANGE: the rate of corporation tax will fall to 17% for the financial year 2020. This table compares the tax treatment of: • sole traders • partnerships...
What is a community interest company? A community interest company (CIC) is a type of limited liability company formed specifically for the purpose of carrying on...
What is a company limited by guarantee? Limited companies can be either limited by shares or by guarantee. A company limited by guarantee is a type of company whose...
A Alternative record-keepingProvisions in Part 8 of the Companies Act 2006 (CA 2006), as inserted by Schedule 5 of The Small Business, Enterprise and Employment Act 2015...
What is a co-operative or community benefit society? A co-operative society or community benefit society (previously known as industrial and provident societies) (a...
BREXIT IMPACT: The availability of the Societas Europaea (SE) in the UK will be affected by Brexit. For further details on the impact of Brexit, see Practice Note:...
BREXIT IMPACT: The availability of the Societas Europaea (SE) in the UK will be affected by Brexit. For further details on the impact of Brexit, see Practice Note:...
BREXIT IMPACT: The availability of the Societas Europaea (SE) in the UK will be affected by Brexit. For further details on the impact of Brexit, see Practice Note:...
BREXIT IMPACT: The availability of the Societas Europaea (SE) in the UK will be affected by Brexit. For further details on the impact of Brexit, see Practice Note:...
BREXIT IMPACT: The availability of the European Economic Interest Grouping (EEIG) in the UK will be affected by Brexit. For further details on the impact of Brexit, see...
Many family businesses start out with quite an informal governing structure in place; the family members have an understanding of their roles and relationships with each...
Interest in the use of family investment companies (FICs) as an estate planning vehicle increased following the changes to the tax treatment of trusts that took place in...
It is important that the most appropriate form of vehicle is chosen to carry on a business; the choice of vehicle may have a bearing on the business’s success or failure....
FORTHCOMING CHANGE: for financial year 2020, the main rate of corporation tax will fall to 17% . When one or more individuals decide to start a business, they have a...
This Practice Note highlights the practical differences between legal entities in Scotland and legal entities in England and Wales. It also covers the law relating to...
BREXIT IMPACT: The law as set out in this Practice Note may be affected by Brexit. For further details on the potential impact of Brexit, see Impact of Brexit on overseas...
BREXIT IMPACT: The law as set out in this Practice Note may be affected by Brexit. For further details on the potential impact of Brexit, see Impact of Brexit on overseas...
BREXIT IMPACT: The law as set out in this Practice Note may be affected by Brexit. For further details on the potential impact of Brexit, see Impact of Brexit on overseas...
BREXIT IMPACT: The law as set out in this Practice Note may be affected by Brexit. For further details on the potential impact of Brexit, see Impact of Brexit on overseas...
1 Name The name of the society is “[insert full name of society] Limited”. 2 Objects The objects of the society are: 2.1 [insert details] 2.2 [insert details] 2.3 [insert...
Sources of partnership law The main body of law governing a general partnership formed under English law (as opposed to a limited liability partnership, limited...
A limited liability partnership (LLP) is not a partnership but a body corporate that is formed under the Limited Liability Partnerships Act 2000 (LLPA 2000), which came...
Sources of limited partnership law The main body of law governing a limited partnership formed under English law (as opposed to a general partnership, a limited liability...
Background—the proposal for a European private company (Societas Privata Europaea or SPE) On 25 June 2008, the European Commission proposed a Council Regulation on the...
Produced in partnership with Martin Shah of Simmons & Simmons LLP; material originally written by Charles Goddard of Rosetta Tax LLP The regime for UK real estate...
What is an unincorporated association? An unincorporated association: • is an organisation formed when two or more persons (the members) carry on activities together for...
What is an unlimited company? An unlimited company is a private company whose members are not limited in their liability to contribute to the obligations of the company...