"I'm able to do more in the day, which means I'm providing more value to my clients - and it's helped my margins in terms of how much I can bill. ÀÏ˾»úÎçÒ¹¸£Àû is helping me make money."
ParrisWhittaker
Access all documents on Limited Liability
Speed up all aspects of your legal work with tools that help you to work faster and smarter. Win cases, close deals and grow your business–all whilst saving time and reducing risk.
For our full legal glossary and more legal research sources, register for a free Lexis+ trial
Perfecting security in real estate finance transactions—checklist This Checklist sets out the steps which property lawyers need to take to perfect security in a real estate finance transaction. Real estate finance lenders will typically want to take a full security package over all of the assets relating to the real estate. A real estate lawyer in a multi-disciplinary team will likely be responsible for arranging or inputting into the following securities and documentation: • security over the land, rental income, insurance proceeds, development and construction and contractual rights • reviewing the management agreement and negotiating a duty of care agreement (although in a multi-disciplinary team, this is sometimes handled by the banking and finance lawyer) • dealing with completion undertakings and post completion registration of the legal charge at Companies House and HM Land Registry as well as giving third party notices regarding rent payment, notice of charge where necessary of assignment of contractual rights or warranties See Practice Notes: Security in real estate finance transactions, Taking security over land...
GAAR guidance: examples of non-abusive transactions—checklist The GAAR guidance aims to help interpret and apply the general anti-abuse rule (GAAR). This is why the GAAR guidance includes in Part D various examples to illustrate the types of arrangements HMRC considers should escape the GAAR and those which it considers should be caught by the GAAR. The current version of the GAAR guidance, as well as previous versions of the guidance, are available online (see: GAAR guidance). Part D of the GAAR guidance (which is dated 11 September 2020) contains the majority of the illustrative examples, but some are found in other parts of the guidance too. For ease of reference, the table in this Checklist: • pulls together • in one place • a list of the arrangements: ◦ referred to in any part of the GAAR guidance ◦ in respect of which HMRC has indicated it would not pursue counteraction under the GAAR (although note that much of the legislation underlying the examples has changed since the examples were...
Discover our 62 Checklists on Limited Liability
Direct marketing decision tree—live telephone calls—data protection This decision tree provides a logical process for determining whether you can engage in live telephone marketing and, if so, to whom. For other types of marketing, see: Direct marketing decision tree—postal—data protection and Direct marketing decision tree—email and other electronic mail marketing—data protection. Live or automated telephone calls? This decision tree is not suitable for automated calls because the rules on automated calls are far stricter than those relating to live calls. You must not make automated telephone marketing calls to an individual unless they have specifically consented to receive this type of call from you. General consent for marketing, or even consent for live calls, is not enough—it must specifically cover automated calls. There is therefore little point in having a decision tree for automated marketing calls—this decision tree relates exclusively to live marketing calls. See Practice Note: Direct marketing compliance—Automated calls. Claims management services Unsolicited phone calls advertising claims management services are not permitted unless the recipient previously notified...
Forming a limited liability partnership—flowchart This Flowchart considers the conditions that need to be met
Discover our 2 Flowcharts on Limited Liability
Governance, systems and controls requirements for insurers Introduction The requirements on UK insurers concerning the topics of governance, risk management, systems and controls are all interlinked and should be approached in a holistic manner. These requirements primarily take the form of a number of detailed regulatory rules and guidance, and insurers must periodically review their governance, risk management, systems and controls to ensure effective compliance with them. Insurers will also be aware that the UK regulators determine whether certain incidents represent regulatory breaches by reference to overarching ‘threshold conditions’ and broad regulatory principles (or ‘fundamental rules’), which are set out in this note. Accordingly, the UK regulators could consider an insurer to be in breach of applicable regulation by reference to a threshold condition or a regulatory principle even if there is no rule that explicitly covers the issue in question. For an insurer, there is also conceptually an overlap between what may be regarded as governance or systems requirements and what may be regarded as capital or...
Dealing with freelance solicitors From 25 November 2019, the SRA Standards and Regulations introduced a new method of practising: the freelance solicitor. This Practice Note explains the regulatory status of freelance solicitors. It also explains the difference between a sole practitioner and a freelance solicitor. It sets out the restrictions on practice applying to freelance solicitors together with requirements around holding client money and indemnity insurance. It also provides guidance for law firms and in-house lawyers on the risks of dealing with a freelance solicitor on the other side of a transaction or matter. What is a freelance solicitor? ‘Freelance solicitor’ is not a defined term in the SRA glossary. The SRA uses the term ‘freelance solicitor’ in a guidance note to describe a self-employed solicitor who is: • practising on their own, and does not employ anyone else in connection with the services they provide • practising in their own name (rather than under a trading name or through a service company) • engaged directly by...
Discover our 896 Practice Notes on Limited Liability
Short-form facility agreement (term loan): single company borrower—bilateral—unsecured Facility agreement This Agreement is made on [date] Parties 1 [insert name of Borrower], a company incorporated in England and Wales with registered number [insert company number] whose registered office is at [insert address] (the Borrower); and 2 [insert name of Lender], of [insert address] (the Lender). It is agreed as follows: 1 Definitions and interpretation 1.1 In this Agreement, unless otherwise provided: Business Day • means a day, other than a Saturday, Sunday or public holiday, on which banks are open for business in London; Commitment • means £[•] ([•] Sterling) minus any amount reduced or cancelled in accordance with this Agreement; Commitment Period • means the period commencing on the date of this Agreement to and including [•]; Default • means an event that with the giving of notice, lapse of time or other applicable condition would be an Event of Default under Clause 16; Drawdown • means [the OR a] utilisation of the...
Execution clause (Scotland)—self-proving execution by corporate member(s) signing on behalf of a limited liability partnership Option 1—self-proving execution by a corporate member signing on behalf of a limited liability partnership in the presence of a witness Subscribed for and on behalf of [insert name of LLP] by ________________________ [Director OR Secretary OR Authorised Signatory] for and on behalf of [insert name of corporate member], as Member (Signature) ________________________ Full Name of signatory (Please Print) at______________________ (city) on______________________ (date of signing) before ______________________ Witness (Signature) ______________________ Witness Name (Please Print) ______________________ Witness Address ______________________ Option 2—self-proving execution by two corporate members signing on behalf of a limited
Dive into our 118 Precedents related to Limited Liability
Do you have a definition of a group where that group includes LLPs? A limited liability partnership (LLP) is a body corporate that is formed under the Limited Liability Partnerships Act 2000 (LLPA 2000) as opposed to a partnership that doesn’t constitute its own body corporate. For more as to an LLP’s status as a separate legal entity, see Practice Note: The nature of a limited liability partnership and its legal framework. The Precedent: Group definition provides various drafting options for related companies, subsidiaries and holding companies being part of the defined term of ‘Group’. The overall ‘Group’ definition depends in part upon further defined terms including ‘subsidiary’ and ‘holding company’, as to which see Precedents: Subsidiary definition and Holding company definition. There are two alternative drafting options available within each of these Precedents—to define a ‘subsidiary’ and ‘holding company’ either by reference to: • section 1159 of the Companies Act 2006 (CA 2006), or • CA 2006, s 1162, Sch
How do you bring a claim to enforce a contract against a co-operative and community benefit society which has been cancelled by the Financial Conduct Authority? The contract was entered into before cancellation and it is not possible to identify the members of the society. Once registered, a co-operative or community benefit society (a registered society) is a body corporate with limited liability and its own legal personality. It is owned by its members who hold shares in the society. It may sue and be sued in its registered name, and it has power to hold land and invest funds (subject to the terms of its registered rules). A registered society is similar in a number of ways to a company limited by shares, but it is not registered via Companies House and the Companies Act 2006 (CA 2006) does not apply. The Financial Conduct Authority (FCA) is the registering authority for societies registered under the Co-operative and Community Benefit Societies Act 2014 (CCBSA 2014). The FCA has powers to...
See the 185 Q&As about Limited Liability
This week's edition of Construction weekly highlights includes an analysis of the Joint Contracts Tribunal (JCT)’s 2024 Management Building Contract and Construction Management Contract, publication of updated Approved Document B (Fire Safety) by the Ministry of Housing, Communities and Local Government (MHCLG), publication by the Cabinet Office of PPN 019, an arbitration case where the Singapore Court of Appeal partially set aside an award for breach of natural justice, the introduction by the MHCLG of the Planning and Infrastructure Bill, an analysis of potential areas of dispute that could arise in relation to low carbon hydrogen projects, the Department for Business and Trade (DBT)’s updated guidance on statutory payment practices and performance reporting requirements and S&P Global’s publication of the February 2025 UK Construction Purchasing Managers’ Index (PMI) report.
This week's edition of Corporate weekly highlights includes: Companies House confirmation of the launch date for its service for registering authorised corporate service providers, the Parker Review’s 2025 update report on ethnic diversity across boards and senior management of FTSE 350 companies and large private companies, DBT updated guidance on payment practices and performance, publication of the draft Companies (Directors’ Remuneration and Audit) (Amendment) Regulations 2025, Companies House and HMRC announcing future closure of the joint filing service for company accounts and tax returns and the FCA’s latest quarterly consultation with minor amendments proposed to the related party transaction provisions for closed-ended investment funds.
Read the latest 1050 News articles on Limited Liability
**Trials are provided to all ÀÏ˾»úÎçÒ¹¸£Àû content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these ÀÏ˾»úÎçÒ¹¸£Àû services please email customer service via our online form. Free trials are only available to individuals based in the UK, Ireland and selected UK overseas territories and Caribbean countries. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
0330 161 1234