Corporate and Commercial

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Many tenants of commercial are likely to have been adversely affected by the economic downturn and may, as a consequence, be struggling to pay the rent due under the terms of their lease. Landlords should be aware of the following if a tenant fails to pay the rent due under the terms of a commercial lease: The tenant may become liable to pay interest (often at a rate higher than bank base rate) on the unpaid rent. The tenant may...

Recent legislation means businesses that provide services have to make information about themselves available. Iain Robinson of Slee Blackwell’s Commercial team unpicks the latest bit of red tape. Most businesses selling services (rather than goods) are affected by the Provision of Services Regulations 2009, which came into force on 1 January 2010. This legislation requires these businesses to make certain information available to everybody, make further information available to all their clients before working for them, and give even more to clients on...

Retail businesses need to be aware the standard rate of VAT on goods and services will once again revert to 17.5% from 1st January 2010. The timing of this change is far from ideal for retailers, as it falls in the middle of the busiest trading period of the year. There are a number of administrative issues for retail businesses to address before the increase comes into effect. From 1 January 2010 retailers should alter their VAT accounting processes so that they...

Iain Robinson of Slee Blackwell Solicitors explores Community Interest Companies, a new option for people setting up social enterprises. A not-for-profit enterprise such as a playgroup or community centre can already be constituted in a number of ways, but all the choices have drawbacks. Trusts and sole enterprises leave founders personally exposed if things go wrong, charities have to meet strict tests and bear a heavy regulatory burden, and the public, especially donors, are uneasy about the profit motive of a...

There are two major changes occurring as from 6 April 2008:- 1. It will no longer be necessary for private companies to have a company secretary. For existing companies wishing to dispense with a secretary the company will need to check its Articles of Association which may need to be amended. 2. The execution of deeds can now be undertaken by one director in the presence of a witness who must also sign the document. Companies must consider whether they wish one...