AT Business Advisors’ Post

When I tell people that I’m a lawyer, they often respond with, “Oh, you must have a good memory. That’s so much to memorise.” I believe it’s more important to understand and apply the law rather than memorise it. After all, you can always refer to online resources or statute books to find the relevant legislation. As a corporate lawyer, there are a few sections in the Companies Act 2016 that I frequently refer to when working on transactions or corporate exercises: 𝗪𝗵𝗲𝗻 𝗮 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 𝗶𝗻𝘃𝗼𝗹𝘃𝗲𝘀 𝗶𝘀𝘀𝘂𝗮𝗻𝗰𝗲 𝗼𝗳 𝘀𝗵𝗮𝗿𝗲𝘀 🔹 Section 75 on directors’ powers to allot shares with prior approval of shareholders. 🔹 Section 76 on allotment of shares with shareholders’ approval. 𝗪𝗵𝗲𝗻 𝗱𝗶𝗿𝗲𝗰𝘁𝗼𝗿𝘀 𝗮𝗿𝗲 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗲𝗱 𝗶𝗻 𝗮 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 🔹 Section 221 on disclosure of directors’ interest in contracts. This provision should be considered when reviewing directors’ resolutions where there are directors interested in the contracts to be entered by the company. 🔹 Section 222 on restriction on a director of a company who is interested in a contract to be entered by the company from voting on the contract and exceptions to the restriction. 𝗦𝗵𝗮𝗿𝗲𝗵𝗼𝗹𝗱𝗲𝗿𝘀’ 𝗮𝗽𝗽𝗿𝗼𝘃𝗮𝗹 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝗱 𝗳𝗼𝗿 𝗰𝗲𝗿𝘁𝗮𝗶𝗻 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 🔹 Section 223 on shareholders’ approval required for (a) the acquisition by a company of an undertaking or property of a substantial value; or (b) the disposal of a substantial portion of the company's undertaking or property. 🔹 Section 228 on shareholders’ approval required for “related party transactions”. Understanding these key provisions in the Companies Act 2016 and knowing when to refer to them is essential for providing accurate and effective legal advice. #MalaysianCorporateLawyer

When you are getting started with attorney clients, its important to remember that your working relationship is that of two business owners. You are allowed to have boundaries and those boundaries should be outlined in your engagement letters. We discuss all the do's and don't's for legal accounting rookies on this week's episode of the Accountants Law Pod! What do you wish you would have known when you were getting started? Drop your tips in the comments below!!

Looking to set your law firm up for success? Make sure you're tracking and applying the information you find from measuring your KPIs. This is the best way to stay focused on what truly matters. Check out our blog for more guidance ➡️ https://bit.ly/3zMDANA #Lawyer #Accounting #LegalAccounting #CFO #VirtualCFO #AccountingGirl #Superhero

Is an Annual General Meeting a real power play or just a show?  For every law student, stepping into corporate law Aiming to learn about corporate practices 𝐃𝐚𝐲 𝟏𝟔/𝟕𝟓 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐞𝐫𝐢𝐞𝐬 "𝐋𝐚𝐰 𝐔𝐧𝐩𝐥𝐮𝐠𝐠𝐞𝐝: 𝐓𝐡𝐞 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐥𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞" Here is what you need to know! AGMs are a key part of business transparency.  Here are the essential takeaways of every AGM: 📍 Notice is Non-Negotiable - Directors, you must send AGM notices at least 21 days before the meeting under the Companies Act, 2013. Shareholders, make sure you know the agenda before attending. 📍 Quorum Matters - No quorum, no decisions! For private companies, 2 members must be present; for public companies, 5. 📍 Voting Rights - Shareholders have the right to vote on crucial matters. Directors should be prepared for potential questions and clarifications regarding key resolutions. 📍 Annual Accounts & Director's Report - Directors, the AGM is the place to present financial statements and Director’s Report. Ensure transparency, as shareholders can raise questions or seek clarifications. 📍 Appointment & Remuneration of Directors - This is the chance for shareholders to approve the appointment, reappointment, or removal of directors and decide their remuneration. PS: AGMs are more than just a formality - they’re a critical moment for upholding trust and transparency in any company. If you are a part of it, it is better for you take down notes of legal formalities before and after an AGM.

Business disputes between shareholders and directors can be incredibly stressful. Some tips to avoid disputes getting out of control are: - Seek professional advice early from both an accountant and a lawyer; - Establish a written agreement between shareholders; - Be upfront and honest with partners and set expectations; - Document everyone’s roles; - Understand your rights and obligations before you sign as a director or shareholder. Thinking outside the box can transform conflicts into growth opportunities! Read our article or contact Greenhalgh Pickard’s litigation professionals for expert guidance today. https://lnkd.in/g46X9Fz5

Lawyers, it's time to focus on your passion while we handle the numbers. Discover how outsourcing your accounting can streamline your practice, ensure compliance, and fuel growth. Partner with experts who understand the unique financial landscape of law firms. #LegalAccounting #LawFirmGrowth #AccountingOutsourcing #LegalFinance #LawPracticeManagement #AttorneyLife #LegalCompliance #BusinessOfLaw #LegalTech #FinancialEfficiency #mindspaceoutsourcing #accountingoutsourcing #accountingmadeeasy #accountingsolution

Running a profitable law firm in today’s competitive landscape requires more than just legal expertise; it demands strategic business acumen and a keen understanding of financial management. Here’s a comprehensive guide on how to optimize your law firm’s operations to ensure sustained profitability and growth. Read more here: https://lnkd.in/ekUh2yQM #NewBlogPost #LeadershipAndManagement #SystemsAndOperations #Productivity

Is your law firm attracting new clients effectively? You can learn where things are working and where they aren't by checking in on your marketing and business development KPIs. Things like: - Measuring client growth rate - Analyzing average fee per new client - Optimizing your marketing budget Unleash the power of data-driven strategies today with our blog on law firm KPIs ➡️ https://bit.ly/3zMDANA #Lawyer #Accounting #LegalAccounting #CFO #VirtualCFO #AccountingGirl #Superhero

Lawyers, it's time to focus on your passion while we handle the numbers. Discover how outsourcing your accounting can streamline your practice, ensure compliance, and fuel growth. Partner with experts who understand the unique financial landscape of law firms. #LegalAccounting #LawFirmGrowth #AccountingOutsourcing #LegalFinance #LawPracticeManagement #AttorneyLife #LegalCompliance #BusinessOfLaw #LegalTech #FinancialEfficiency #mindspaceoutsourcing #accountingoutsourcing #accountingmadeeasy #accountingsolution

This post may be of interest to my legal contacts! On Wednesday 29 January we'll be presenting our Practical Guide to Business Valuation for Lawyers, over coffee and morning pastries at the Buzzacott offices near St Paul's - please see the link in the comments for further details (including how to sign up) #legal #valuation #BreakfastSeminar Buzzacott Corporate Finance