While it is possible to see the terms used interchangeably, commercial and company law do refer to two distinct, but interrelated branches under broader business law. Within the UK context, commercial law generally refers to ownership within the commercial landscape – such as ownership of properties, businesses, franchises, intellectual properties and the buying and selling of goods and services. Company law, on the other hand, tends to refer to the regulations set out by the Companies Act 2006. It can often be referred to as ‘corporate law’. It covers the mediation of rights and duties between directors, shareholders, creditors and employers – and where accountability falls for these rights and duties. It also includes financial issues such as shares, capital, dividends and insolvency. When considered together – along with the various acts, codes and legislation related to each branch of law – both of these fields of law combine to create a legal minefield for budding business owners. To navigate these issues, businesses will turn to solicitors like Foys who are experienced in both commercial law and company law.
Good solicitors won’t just help you navigate legal issues and complications; they will also have a positive effect on your business’ growth and development. Our team of company and commercial solicitors at Foys will help you to better understand the law by providing excellent legal advice that you can trust – allowing your business to reach its maximum potential. Foys has been helping companies to reach this potential for nearly 50 years. So whether you require advice on how to start-up, restructure or expand your business, you can trust us to know the right answers. Get in touch with our company and commercial experts by calling Max Kennedy on 01909 500 511. Max has over 25 years’ experience in corporate and commercial law and is known for his practical and commercial approach to all matters and jargon-free explanations.