Business Succession Planning
New Business
If you’re setting up a new venture we can help here too – forming your new Company and providing all the other paperwork you need to run a strong and legitimate business.
Share Option Agreement
To enable Business property relief to be obtained we have to ensure that the correct ‘agreements’ are in place if you are a shareholder of a Limited Company. See our section under Business Health Check and Limited Companies for further information, or contact our head office for further information.
Company Formation and Secretarial Services
A full Company Secretarial service is also available, if required. We work in conjunction with your accountant or our own to ensure that this is arranged for you together with the associated advice needed in starting a new company
Business POA
If you are involved in a business in any shape or form you should consider the correct business Power of Attorney. This will enable selected people and advisers to take care of your business in the event that you are unable to do so. This can be incorporated into your own Lasting Power of Attorney or a separate Business power of attorney can be established ensuring that you have appointed the appropriate people to assist you.
Business Health Check
There are a number of services we provide within the Business Healthcheck, some or even all of which will be relevant to you, depending on the current status of your business.
Successful business people are often too busy to reflect on the wealth they are accumulating and on the tax implications of it. This is all the more true of business owners who find little time to evaluate the suitability of their original business agreements (if they exist) and structure and the tax implications flowing from them.
By failing to address these issues they increase their estate’s exposure to an unnecessary tax take and reduce the wealth they are able to pass on to their spouse, partner or children. The more successful they become so their exposure to out of date agreements, structures and mindset increases.
If you are in that position and are not sure about your current situation nor confident in the suitability of earlier professional advice you received please ask us. Our specialist tax advisers will be delighted to work with you to achieve the optimum solution for your changed circumstances and for what you wish to achieve in the longer term.
The larger and more complicated your estate, the more important it becomes to receive specialist advice to preserve your assets. We and our partnered specialist advisers will be happy to help you.
Deeds of Gift
Often to enable assets to be passed between individuals a Deed of Gifts is made to confirm and agree the transfer. This is a simple process and often includes the relevant Land Registry application forms confirming that this gift has taken place. If a property or asset is owned in ‘sole name’ and it is the intention to transfer this into ‘joint names’ or Tenants in Common, then a Deed of Gift is used to confirm that this transfer has taken place. This can also be used where the tenancy of a property is not as equal shares.