Introduction
Many private companies which were incorporated before 1st October 2009 still have their constitution based upon the old Table A Articles of Association. The following blog outlines the benefits to updating your Articles: What’s the value in updating my articles of association?
Conclusion
One of the reasons for revising the old Table A was to simplify regulations and remove administrative red tape for privately owned companies. This reason alone may be sufficient for many owner managed businesses to amend their Articles.
Contact Richard Jenkins on 07837 762705 or Richard@clariclegal.co.uk for further advice or assistance.
This should not be relied upon for legal advice.