Structure for Business

Introduction: In the intricate landscape of corporate governance in Sri Lanka, Extraordinary General Meetings (EGMs) play a pivotal role in addressing urgent matters that demand the immediate attention of senior executives, the board of directors, and all shareholders. Governed by the Sri Lankan Companies Act of 2007, EGMs offer a platform to deliberate on issues…

When starting a company, there are various legal aspects to consider, and one of them is the “Articles of Association.” You might wonder what this document is all about and why it’s important. In this article, we’ll break it down in easy-to-understand language. What Are Articles of Association? Think of the Articles of Association as…

What to do when your company is stuck in a deadlock When you run a company with other people, you need to make decisions together about the business. Sometimes, you might disagree with each other and not be able to reach a consensus. This is called a deadlock and it can happen at any level…

By Ashfa Anwer When you decide on starting a business, its legal structure plays an important role as it will affect the level of tax you pay, the extent of your personal liability, and how easy it will be to pass on or sell the business when you retire. The structure of a company makes…

When establishing any type of business in Sri Lanka, it’s of vital importance that you choose a business structure that is best suited for your needs you know the ins and outs of it. There are several different business structures you can choose from, the most popular ones being private limited company, unlimited liability partnership,…