The UK has one of the most sophisticated, but regrettably also one of the most complicated, legal systems in the world. And the law is continually developing, changing.
The problem is, if you are in business, you are deemed to know all the provisions relating to how your business operates internally and with the outside world. You’re deemed to know all the 1,300 sections of the Companies Act 2006, and its schedules, and a whole host of other legislation, including consumer law, health and safety, employment, and any other laws that specifically relate to your business. You see, ignorance is no excuse in a court of law. No director can possibly know every aspect of every law that applies to their business, nor take every step to minimise their own or their company’s exposure. And in this increasingly litigious world, there are more people than ever tying to hold another to financial account for their own personal benefit.
Disputes with those you do business with can be costly to you and your business, in cash terms and in lost time. Litigation can even go as far as putting you out of business. You could also be banned from being a director, say where your business goes into liquidation. Criminal cases, although much more rare, can see directors imprisoned and massive corporate fines should things go horribly wrong. This all means that it’s vital you get the right advice at the right time – it’s a good idea to try to prevent legal problems happening to you, but you can’t always do that and when they do it’s important that you deal with them quickly and effectively.
Here at ICBusinessSolutions we work with a number of efficient, knowledgeable lawyers who will provide you with the commercial solution that’s right for you. And they will do it at effective rates. Just call or e-mail us to take things forward.