Paul Fursman
Company & Commercial
Why is a company legal audit or health check so important?
If you are preparing your company for sale or want to make sure your business is fully up to date and compliant it may be worth investing in a company health check auditing the legal aspects of your company.
A company health check would review your business and ensure the legal aspects, such as regulatory, employment and due diligence, are relevant and up to date.
This review may also identify potential processes or procedures that are not compliant or could be improved. By investing in a company health check, businesses can potentially save time and related stress and costs by avoiding disputes as well as educating the business owners and managers.
You can read more about what is involved in the company health check Mullis & Peake offer here.
James Bowles, specialist in corporate and commercial law, said:
“We will take the shareholders and directors of a company through a structured process to identify any risk factors within the company whether this be with the regulatory or employment law requirements or ensuring that all of the company’s commercial arrangements are properly reflected in the paperwork.
This carefully considered process allows us to mitigate risk to the company as we sure up any issues that we identify. This can be of considerable value to shareholders looking to sell the company in the future as it will reduce the due diligence process and reduce the need for a potential buyer to mitigate their risk in the sale agreement.
It is still valuable even if you are not looking to sell as it means that you can avoid the risk that the Company incurs an unnecessary liability, directors can also rest assured that they are acting in line with their director’s duties to the shareholders and the company.
If you would like to utilize our company health check service we will be happy to assist. For further advice and assistance please contact our Commercial Team who will be able to assist.”