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Business Structures

Start-ups/Company Formation

Whether you are taking your first steps in business, or your organisation has a longstanding trading history and is looking to incorporate or set up parent/subsidiary companies, we offer straightforward, commercial advice on the legal issues that affect your business operations. We start at the beginning, examining which business structure is best for you, your plans and your future.  Our specialist lawyers regularly advise on:

  • business structure (partnerships/companies/LLPs)
  • formation of companies
  • tailored memorandum and articles of association
  • directors' responsibilities
  • taxation overview (EIS relief, Entrepreneurs' Relief and others)

Limited Liability Partnerships

Putting in place the right business structure from the start is vital. We work hard to find a solution that suits your needs.  Where protection from liability is a priority, but you need a more flexible business, LLP can be an ideal choice.  Talk to us about:

  • formation
  • members' agreement
  • transfer of an existing business to an LLP

Partnership Agreements

When preparing a partnership agreement our role is not just to consider with the partners how the business will be run, what aspirations they have for the business and what their exit strategy will be but also such matters as whether the partnership is the right vehicle for the business and what assets should be excluded from the partnership.

Shareholders' Agreements

Few shareholders consider the need for a formal agreement when first taking a stake in a company, yet the importance of such an agreement becomes clear when it transpires in later disputes that the founders had widely differing ideas about what they were expecting from the others in such areas as:

  • management control
  • board representation
  • information flow to shareholders
  • provisions for resolving deadlock
  • introduction of a new shareholder
  • termination of the joint venture
  • exit planning

By considering and agreeing on these in advance the shareholders can maximise the benefits that all obtain from the venture.

Returning Shareholders' Funds

Our advice can include repurchase of shares, redemption of shares, the use of dividends and other methods of extracting shareholder value. All these areas can involve complex legal issues and detailed tax planning.  We work closely with you and your advisers to ensure that these are dealt with correctly to ensure returns are maximised to shareholders.

Dissolution

From time to time, a company is no longer required.  It may be that the specific purpose for the company is no longer there or that the directors/shareholders have decided to cease trading.  We can advise on the most appropriate and efficient methods to bring your business to an end.

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