Starting a new business can be daunting, as there is a large amount of paperwork and processes that must be completed. The legal documents that any business needs to keep are:
The company’s certificate of incorporation
This is a legal document relating to the formation of a company or corporation and gets issued to a company when it is registered with Companies House.
If you have misplaced your certificate, you will have had a digital copy sent via email when your registration was approved. Alternatively, you can order a replacement paper certificate for £20 from Companies House.
Copies of the company’s memorandum and articles of association
A memorandum of association is a legal statement signed by all initial shareholders agreeing to form the company. Articles of association are written rules about the company agreed by shareholders, directors and the company secretary and will include the responsibilities and powers of the directors.
Both of these are required for a company formed in the UK under the Companies Act 2006.
Any directors’ service contracts and other important contracts with employees, customers or suppliers
Every relationship should be documented, which some businesses may find hard to do at the start especially if they are utilising existing networks. Relationships can break down, so we would always advise our clients to make sure there is some form of written agreement in place.