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One of the technologies projected to play a role in the race to net zero for the UK is hydrogen. Hydrogen presents the opportunity to be a cleaner fuel alternative to oil and natural gas because it can assist with the decarbonisation of power generation, heavy industry and transport. It can also be stored for long periods of time and used when demand is high and wind or solar assets are not generating.
This year, the UK and Scotland have developed two new separate pieces of legislation that, respectively, aim to crack down on fraudulent business activity, and bolster businesses' ability to raise finance. Both are expected to come into force in 2024. What are these acts, and what do they mean in practice for businesses?
It is commonplace for a private limited company to have a sole director who is also the sole shareholder. However, problems can arise if a succession plan is not in place to prepare for the company’s future following the death of this sole director shareholder. For example, often it is only a director who can authorise payments from the bank account.
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