Bring your business venture to a close with the best possible result for you.
Exiting a business or bringing a venture to a close is not something that is often thought about in advance. However, having carefully prepared plans and considering the important questions well beforehand will remove many of the uncertainties and can considerably speed up the process as well as reducing the stress involved.
One of the biggest concerns for anyone exiting a business venture is tax. We can help to structure and time deals to take maximum advantage of the available tax reliefs. Often substantially reducing and in some cases negating altogether your tax liability.
We can provide expert advice whether you operate as a company, partnership or sole trader on all areas including:
Selling as a going concern
This is often the easiest and most tax efficient way to exit a business as it often benefits from a number of reliefs especially if you will be putting those funds into a new business venture.
We can advise whether you will be able to take advantage of the very favourable 10% tax rate known as “Entrepreneurs Relief”.
Advising on Employment issues: Such as; redundancy, settlement agreements and TUPE
The team often works closely with our specialist employment and litigation Partner Justin Sadler, for further information on these particular issues please visit our Employment Law (for businesses) page or email Justin at [email protected]
Unwinding Partnerships and Joint Ventures
Whether your reasons for bringing a business venture to a close are amicable or less so, we can help by advising you on the necessary procedures and will act to safeguard your individual interests. We can also take action to deal with defaulting or dissident parties to protect the interests of all participants.
Dissolution of limited companies and complying with all legal and regulatory requirements
It is important to get expert advice at the start of the winding up process to ensure that all aspects are considered and all loose ends will be tied off. So that when you move on you can be confident that nothing will be coming back to haunt you.
Building exit strategies into the business from the ground up
By properly utilising the business’s Articles of Association, Shareholder agreements or Partnership agreements it is possible to incorporate viable exit routes into the business and protect shareholders, directors, partners and key personnel by utilising the most appropriate insurance products. However far down the road your business is, we are confident that we can assist you.
We have a wealth of experience from dealing with both commercial and personal insolvency matters; we also have excellent relationships with some of the best insolvency practitioners in the area. As with many things, the earlier an actual or potential insolvency issue is addressed the better the potential outcome will be. For more information please visit our Insolvency page.
Advising on Commercial Property issues such as; Leasehold and Freehold conveyancing
Our Commercial Property department offers a comprehensive service from acquisitions and disposals of freehold and leasehold properties to contract and lease negotiations and infrastructure and planning agreements. The department acts for a wide range of clients, from high street businesses to multinational companies and predominantly for the private sector.
Selling off individual assets or departments
Sometimes it is necessary to sell off assets or departments that are no longer part of the future strategy of the business. Barrett & Co is able to offer a complete service advising on all necessary Commercial, Property and Employment Law aspects of the transaction.
Get in Touch
Our Property and Commercial Department is headed by Martin Reynolds who regularly advises on a broad range of property and commercial matters including business sales and acquisitions, commercial property and high value residential transactions. To contact Martin and his team; call 0118 958 9711 or email [email protected]
Cannot fault the service at all. Charlotte Fox was extremely helpful and professional. Would not hesitate to use their services again.
Justin Sadler supported me through the process of agreeing a compromise / settlement agreement with my employer. He was very understanding both of my position and of what the legal position was. He asked lots of questions to make sure he understood the fact pattern and then put my case forward to get the best deal possible. I was very happy with the overall outcome and the significantly increased offer we received from the employer. I would happily use Justin again and would recommend the use of him and his team.
Alan Warnes dealt with the sale of my father's house after my father died last year. He was sensitive to the fact that my brother and I had lost our father and dealt with everything brilliantly. We had complete confidence in the work Barrett & Co did for us and it was great for my brother and I to have positive dealings with a law firm. Long may it continue!
We are an International Sports Federation and needed assistance with getting our Federation incorporated as a Company with Limited Liability. We were walked through the whole process with incredible professionalism but also a lot of understanding and flexibility in the various services required. Jane Whitfield did a wonderful "hand-holding" exercise and once we had completed our incorporation she again walked us through the whole process of registering as a Charity. This process was also completed successfully. As the person that worked very closely with Barrett Co and Jane in particular, I can testify not only to the professionalism, but also the friendly and efficient way in which the whole process was dealt with until completion. We are looking to walk a long road with this company as we deal with further legislative requirements.
I would without any doubt recommend Paul Wild. Paul has been amazing in recently dealing with my separation deed. Paul is very helpful and understanding. I can honestly say it’s so nice to deal with someone who genuinely cares about your situation. In my opinion Paul goes above and beyond to make sure everything goes smoothly.