Advise company director

About this business activity

When using a Director's advice letter, the main reason to advise them is to protect yourself from liability. If the director makes a decision that isn't in the best interest of the company, you may be held liable. Advising a director also helps ensure the company runs smoothly and efficiently.

Solicitors Advice Letter To Company Experiencing Financial Difficulty

A letter from a solicitor to a director of a company in financial difficulties, outlining the director's duties and the potential civil and criminal liabilities they could face under various UK laws and regulations.

What to watch out for

  • The potential grounds on which a director could face personal civil and criminal liability, under the Insolvency Act 1986, the Financial Services and Markets Act 2000, the Financial Services Act 2012, the UK Market Abuse Regulation and the AIM Rules.
  • The director's duties and the potential consequences of breaching those duties.
  • The possible civil and criminal liabilities that a director could face if the company goes into insolvency.
  • The potential for a director to be personally liable for the company's debts if it is unable to pay them.
  • The possibility of a director being prosecuted for market abuse if the company is involved in insider trading or other prohibited activities.
  • Contract template sketch

    Relevant Contract Types

    πŸ’° Director's advice letter

    A director's advice letter covers the legal aspects of the film. This includes the rights of the director, the crew, and the cast. It also covers the responsibilities of the director and the crew to the film's producer.

    Thank you!

    What happens now?
    Check your email inbox now! Most people receive an invite link from us instantly, so you are only a click away from full access πŸ’₯
    Didn’t receive an email?
    If you don’t have an invite link sat in your inbox (and youβ€˜ve refreshed that page a couple of times), then you fall into the group of of people I like to personally welcome in to the Genie Community πŸ‘‹.

    Please book in 30 minutes with me using this link

    If you don’t want to book a call in now, no problem. I’ll be in touch over the next few days
    Small Avatar - Rafie Faruq 150 x 150 pixels
    Rafie Faruq
    Chief Executive Officer
    Oops! Something went wrong while submitting the form.

    Featured templates

    Advisor Agreement (Payment Via Share Options)

    Use this agreement when bringing an advisor on board to formalize variables such as job role and responsibilities, duration of contract and compensation. The agreement also sets forth certain key terms such as confidentiality and intellectual property.

    Read More
    Contract template sketch

    Consultancy Agreement - Company appointing an individual consultant (not using a personal service company)

    This template is to be used the next time your company needs to set out terms with an individual (i.e. not to be used for agreements involving a personal service company as defined within IR35). It sets out the terms on which a contractor provides services to a client company, and is perfect for freelance software developers, marketing consultants, designers, PR/HR/recruitment consultants.

    Read More
    Contract template sketch

    Intellectual Property Assignment (for founders to assign IP to company)

    This IP Agreement is designed for an individual to assign IP to a company e.g. a founder is starting a company and needs to vest the IP into that company


    Read More
    Contract template sketch

    Do you need a lawyer?

    We have 150+ legal templates for businesses like yours to use for FREE

    find out more

    Browse by:

    Business categories

    Business activities


    Contract types