Buying a Business?

If so you will need advice on the following

  • The best vehicle – should you buy the Company, set up a new Partnership/Company? We will advise you on the advantages of limited liability and favourable tax regime for companies
  • Assets & Liabilities – a Purchase of assets is normally favoured by a Buyer and a sale of shares favoured by a Seller
  • Staff – TUPE – these Regulations will only apply if you are purchasing assets – if you are simply buying shares the Employees will remain employed by the same company
  • Any external investment from a 3rd Party – a Shareholder’s Agreement regulates the relationship between Shareholders in a company and creates a framework for running the business in much the same way as a Partnership Agreement. This will be essential unless only one shareholder is to own the business
  • Service Contracts for Directors – if they are to be employed by the company then you should have these drawn up even if the Director is also a Shareholder
  • Planning your future Exit Strategy – this should be considered at the very beginning of your business venture and is another advantage of limited company status and ensuring that you have comprehensive Articles of Association working alongside a Shareholder’s Agreement

Click here to read more about “Acquisitions & Sales”