Company Formations
In 2019, the UK was home to 5.7 million SMEs, including micro-businesses with fewer than nine employees, and 390,000 new businesses were established that year. As one of the most business-friendly countries globally, the UK supports and encourages entrepreneurship. At Cocks Lloyd Solicitors Ltd, our Company Law Solicitors aim to build a long-term relationship with you and celebrate your success. By instructing us to advise you on the legal aspects of forming your company, you can be assured of full compliance with the Companies Act 2006. Additionally, we will ensure you have a solid framework in place to help achieve your commercial goals.
Our Company Formation Solicitors offer more than legal advice – we act as your long-term partners, identifying opportunities, managing risks, and negotiating key contractual terms.
Operating from our offices in Nuneaton, we are a diverse, multi-lingual law firm that uses top-tier technology to provide clients with efficient, modern, and highly effective employment law advice and representation. With extensive experience in company law, our solicitors have built a strong reputation for excellence with the UK’s leading Barristers, Queen’s Counsel, accountants, surveyors, and valuers. These professionals provide additional support to our Corporate Law Department as needed. As a multi-disciplinary practice, our Company Formation Solicitors can also draw on in-house expertise from our Employment Law Solicitors, Disputes Resolution department, and Commercial Property team to offer advice and representation throughout your business journey.
Common FAQs About Company Formations
Do I Need a Memorandum of Association and Articles of Association?
To form a company, you need to create a Memorandum of Association (Memorandum) and Articles of Association (Articles) and file them with Companies House. These documents form the backbone of your company and provide a framework for other documents such as Shareholders Agreements and Directors’ Service Agreements.
How Do I Prepare My Company’s Articles?
When drafting your Articles, you can use the Model Articles, which can be adapted if needed, or have bespoke Articles drafted.
A company’s Articles must cover five essential areas:
- The liability of the company’s shareholders or members and how this is limited to the nominal amount they paid for their shares or the amount of their guarantee if the company is limited by guarantee.
- The number of directors, their decision-making powers, and their duties and responsibilities.
- The classes of shares, the number of shares to be issued, how shares may be sold or transferred, and how dividends will be paid.
- Details of shareholder meetings, voting procedures, and all other matters related to company decisions.
- Any other relevant administrative matters.
Getting your Articles right is crucial. Our Company Formation Solicitors will take the time to understand your company and market sector and draft bespoke Articles or amend the Model Articles to ensure your commercial objectives are met.
Why Choose Us?
Our Company Law Solicitors have been advising business owners throughout the West Midlands for many years. We pride ourselves on providing a personal service to all our clients, remaining available by phone and responding to emails within 24 hours whenever possible.
When advising on a company formation, our team considers every detail, assessing both short-term and long-term risks and opportunities. As businesspeople ourselves, we understand that every decision must encompass commercial reality. We receive most of our instructions through word-of-mouth recommendations because business owners throughout the West Midlands know that we have the knowledge and dedication to ensure every legal aspect of their company formation is meticulously handled.
Our advice is practical, sharp, and tailored to your commercial objectives. Our investment in technology means many processes are automated, reducing fees and ensuring your investment is focused on acquiring our expertise, finding solutions to your problems, and positioning you to capitalise on opportunities.
We are results-focused, achieving outcomes swiftly and cost-effectively. Our Company Law Solicitors will manage your legal concerns, allowing you to concentrate on your organisation’s growth and success.
Cocks Lloyd Solicitors provides exceptional Company Formations and Company Law services to clients. People choose and recommend us not just in Nuneaton, Tamworth, Atherstone, Hinckley and Leicester, but across Warwickshire, Staffordshire, Leicestershire and the West Midlands, and the whole of the UK, because we get results.
To receive expert advice and representation regarding Company Formations and Company Law, please contact us using the form below, call us on (0247) 6641642, email via the Request a Callback form on this contact page.