Companies Act 2006: Primary legislation governing company formation, operation, and management in the UK. Fundamental for structuring the Operating Agreement's core provisions.
Limited Liability Partnerships Act 2000: While specifically for LLPs, contains relevant principles for limited liability entities that may inform the Operating Agreement structure.
Companies (Model Articles) Regulations 2008: Provides default articles of association which can serve as a reference point for Operating Agreement provisions.
Company Directors Disqualification Act 1986: Governs the disqualification of directors and should be considered when drafting management provisions.
Insolvency Act 1986: Relevant for including provisions about company dissolution, winding up, and insolvency procedures.
Corporate Governance Code: Best practice guidelines for company governance, particularly relevant for larger companies.
Small Business, Enterprise and Employment Act 2015: Contains provisions affecting small businesses and should be considered for compliance requirements.
Companies House Requirements: Regulatory requirements for company registration and ongoing compliance with Companies House.
Financial Services and Markets Act 2000: Relevant if the company will be involved in financial services activities.
Data Protection Act 2018: UK's implementation of data protection requirements, relevant for handling member and company data.
UK GDPR: Data protection regulations that must be considered for handling personal data within the company.
Money Laundering Regulations 2017: Anti-money laundering requirements that may affect company operations and compliance obligations.
Corporation Tax Act 2010: Tax legislation affecting company profits and distributions that should be considered in financial provisions.
Income Tax Act 2007: Relevant for provisions dealing with member distributions and tax implications.
Employment Rights Act 1996: Important if the company will have employees, affecting employment-related provisions.
Equality Act 2010: Must be considered for provisions relating to members, employees, and company policies regarding discrimination.
