Companies Act 2006: Primary legislation governing company operations, management, and administration in the UK. Fundamental for any operating agreement structure.
Limited Liability Partnerships Act 2000: Key legislation for LLP structures, defining the framework for limited liability partnerships if the operating agreement is for an LLP.
Partnership Act 1890: Historic legislation still relevant for partnership principles and general partnership provisions in operating agreements.
Companies (Model Articles) Regulations 2008: Provides default articles of association and standard governance provisions that can inform operating agreement structure.
Small Business, Enterprise and Employment Act 2015: Contains provisions affecting small business operations and transparency requirements.
Corporate Insolvency and Governance Act 2020: Recent legislation affecting corporate governance and insolvency provisions that should be considered in operating agreements.
Financial Services and Markets Act 2000: Relevant if the business involves regulated financial activities or services.
Data Protection Act 2018: UK implementation of GDPR, crucial for data handling provisions in the operating agreement.
Employment Rights Act 1996: Essential consideration if the business will have employees, affecting employment-related provisions.
Equality Act 2010: Important for ensuring non-discrimination and equality provisions in company operations.
Modern Slavery Act 2015: Relevant for compliance requirements and ethical business practices, particularly for larger organizations.
