Understanding corporate law: three top tips with gunnercooke Partner Nick Hawkins 

December 16, 2024
Nick Hawkins

Partner

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Starting a business is exciting, but navigating the legal landscape can be complicated. From choosing the right legal structure to staying compliant with ever-changing legislation, it’s easy for business owners to feel overwhelmed.  

Nick Hawkins, Corporate Partner at gunnercooke, brings over 40 years of legal expertise, having worked at the senior level with both PLCs and small businesses. 

Read Nick’s three key points to consider when setting up and running a business.  

  1. Understand the way in which company law works. 

Before you’ve even started trading as a business, it’s vital that you have a wide understanding of company and corporate law. For example, ensure that you have your stakeholder’s agreement properly organised and agreed with all of the shareholders before anything else. 

  1. Keep up to date on Westminster and Whitehall. 

Quite often, the first-time companies hear about new legislation in when their trade body or a trade publication lets them know. However, if they want any influence once the legislation passed, they need to be aware at an earlier stage, such as when the policy is first being drafted so they can be consulted in the changes and the impact of the legislation.  

  1. Have a sufficient financial runway. 

Quite often, companies with good ideas actually end up going out business as they’ve not managed their finances and cash flow or given themselves much of a runway. 

If you would like to learn more about corporate law and need advice on how to successfully prepare and run your business with the law in mind, contact Nick Hawkins via our website: https://gunnercooke.com/people/nick-hawkins/  

Nick has a particular specialism in advising on legislation and the way legislation may be changed, and on regulation and regulatory bodies. In his legal and in-house business career, he has worked on many overseas matters, in the UK, Europe and the US, and as a lawyer in the biggest international firm in the Sultanate of Oman.  

He has had particular links with the Isle of Man having been on the Board of a Manx Company and with the Channel Islands, including extensive dealings with Jersey legal matters, and Guernsey/Alderney, on banking, financial services, cyber security/IT and gambling, legal and regulatory matters.