corporate and commercial solicitor

Does your small business need a corporate solicitor?

Hiring corporate solicitors is often an overlooked priority on the never-ending, sleep depriving to-do list of a small business owner.

When time and money are the driver of everything that you do, it’s usually the money making activities that take precedence over everything else. It’s easy to feel that because your business is small you can’t run into big legal problems. Sadly, that is not the case.

Directors Warning!

As a director, do you know the risks surrounding your personal liability? 

It is a well-known principle that a limited company is a separate legal entity and distinct from its directors or shareholders. As such, the company will normally be treated as solely responsible for the debt it incurs and the obligations it enters into. 

This article will highlights some of the main ways in which a director may find himself personally liable for the debts and obligations of his company, in particular the principle outlined in the case of Contex Drouzhba Ltd v Wiseman [2007].