The UK’s corporate landscape is experiencing a significant transformation with the introduction of the Economic Crime and Corporate Transparency Act 2023 (ECCT Act), which took effect on 4 March 2024. Among the many reforms, the new rules governing registered office addresses stand out. These changes aim to bolster transparency, prevent fraud, and ensure that businesses in the UK operate with enhanced accountability.
This article explores the key aspects of these new requirements, the implications for companies, and the steps necessary to ensure compliance.
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Andriy is an international student currently studying for his Bachelor of Arts in European Politics at King’s College London whilst also interning at The Legal Stop. Andriy is multilingual and speaks Slovak, Russian, Ukrainian, English, Spanish, French and Italian. During the internship Andriy will be working closely with experienced professionals and gaining valuable, hands-on work experience.
The Economic Crime and Corporate Transparency Act 2023 (ECCTA), enacted in October 2023, signifies a sweeping reform of UK company law aimed at combating economic crime and enhancing corporate transparency. Building upon the Economic Crime (Transparency and Enforcement) Act 2022, ECCTA introduces pivotal measures that will reshape regulatory requirements for UK businesses.
Read MoreExpertise: Intern
Andriy is an international student currently studying for his Bachelor of Arts in European Politics at King’s College London whilst also interning at The Legal Stop. Andriy is multilingual and speaks Slovak, Russian, Ukrainian, English, Spanish, French and Italian. During the internship Andriy will be working closely with experienced professionals and gaining valuable, hands-on work experience.
Influencers now play a key role in most social media marketing strategies. Consumers increasingly look to influencers to guide their purchasing decisions and shape lifestyle choices, a trend that has been accelerated during the pandemic.
Whether you have used influencers before or are considering it for the first time, you’ll need to decide on the details of your arrangement with them. Influencer marketing is known to generate a good ROI.
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The Legal Stop is a straightforward online business using information technology for the public good. We aim to make the law and provision of legal services accessible and transparent to people and businesses alike!
For many businesses, access to specialist equipment or machinery is an essential factor for growth and profit increase. However, the upfront cost of purchasing the necessary equipment can be a huge drain on working capital, especially for a new or small business.
Equipment hire or purchase hire is designed to give businesses access to equipment that enables them to expand and operate more efficiently, without needing to come up with the cash up-front. Businesses have the opportunity to lease far higher-spec equipment than they would have been able to afford through a cash purchase.
Whilst some choose a simple equipment hire solution, others favour a hire purchase arrangement. With a hire agreement, the equipment belongs to the supplier and must be returned at the end of the rental period. But, with a hire purchase agreement the hirer pays monthly instalments towards the capital value of the equipment, so there is eventually a transfer of ownership to the hirer.
Below we outline some of the key differences between these two options:
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The Legal Stop is a straightforward online business using information technology for the public good. We aim to make the law and provision of legal services accessible and transparent to people and businesses alike!
You may have collaborated with a colleague on a shared research project. Perhaps you worked with others to develop new software or wrote a song with a music partner. Whatever the reason, there are times when joint ownership of intellectual property will occur, if two or more parties have been involved in its creation.
Co-ownership of copyright is often viewed positively by individuals involved. It seems only fair that both parties should get equal ownership over their work. However, from a legal perspective, joint ownership of copyright can be problematic.
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The Legal Stop is a straightforward online business using information technology for the public good. We aim to make the law and provision of legal services accessible and transparent to people and businesses alike!