Before you decide your next step, make sure you seek the right advice.
To help, we have developed a top-ten list of considerations before making your decision.
- Have you taken the appropriate tax and accounting advice? Getting this wrong at the outset can prove very costly! Accountants work with us to ensure that we get the very best structure for you, not only for the ‘now’, but also for the future.
- What is your target business actually selling? Is it selling shares as a limited company or is it selling assets? Does this fit in with what you want for your own structure, or will there need to be a re-structure of the current business?
- Be clear on the structure that you want, going forward. Do you want to be a sole trader or a limited company? What suits you from a tax point of view and gives…
Management Buy Outs (MBOs) are frequently in the news and often linked to large businesses however MBOs are not just for large, multi-million pound companies.
MBOs are a great way for businesses of all sizes to plan for succession in particular those businesses that are family run or have a very small team of Directors.
A well structured MBO can make it possible for business owners to have peace of mind that what they have built will continue to progress when they retire and for those Managers and Directors, knowledge that their hard work and dedication will be rewarded with shares…
In the case study below, we look at the importance of complying with the policies and procedures provided by ACAS in a case involving an employer who utilised a private eye to investigate an allegedly disabled employee.
The employee, who had been working for his employer for 5 years, alleged that he suffered from a disability. The management did not accept the extent of the disability and suspected that the employee had engineered his medical report and may also be working for another employer so utilised covert surveillance to check him out.
Upon receipt of the report, they could not confirm…
You may recently have seen in the news a case involving a woman who had been married to her husband for thirty-nine years. Mrs Owens had decided to divorce Mr Owens on grounds of his unreasonable behaviour and made twenty-seven allegations of his treatment of her including how she felt he “constantly mistrusted her” and was “insensitive” to her. Her husband decided to defend the divorce saying that he did not believe that the marriage had irretrievably broken down.
It is important to remember that there is only one ground to end a marriage or civil partnership in other words…
The wedding season is nearly upon us but these days many more couples decide to cohabit rather than tying the knot. However, it is important to know that being unmarried can create a financial disadvantage should the relationship fail in the future.
In the eyes of the law, there is no such thing as a common-law husband or wife. If you are not married you cannot necessarily claim a share of your partner’s income, capital or pension upon separation, no matter how long you have been together or how many children you may have between you.
If your partner passes away…
With April 5th fast approaching, ensuring your business is structured correctly could save you money on your tax bill.
Developing a structured plan for your business is vital not only to achieve your objectives but to also save you money and protect you from legal problems. Our team is experienced and skilled in many aspects of business planning and can help you with the following:
- Business Planning
- Business Restructuring
- Exit Strategies
- Change management
- Pre-exit Planning for Tax Efficiency
- Crisis Planning
- Tax Planning
- Company Finance
- Succession Planning
For expert advice, contact our Company & Commercial law team on 01792 450010 or email…
At some point, many businesses may find they have a dispute or find themselves in a dispute situation.
Whether it is a simple debt claim or a substantial contractual dispute, you should seek legal advice.
In many instances, it may be possible to resolve the issue away from the courts through mediation where a trained mediator will work with both parties to try and obtain a fair result based on your situation.
Whilst this is a preferred option for many (especially those who do not want the detail of the situation to become public knowledge), there are times when mediation does not…