Is your existing structure the optimal structure for you? What is best for you; a sole trader, partnership, LLP or limited company? Do you have, or should you have a group structure with subsidiaries? In particular the tax treatment is different for each type of business as is the risk carried. You may be better off, or subject to less risk if you restructure.

Our Solicitors are guided by your businesses’ values and objectives and will work with you to restructure it for the future.

We regularly advise on:

Tax efficient restructuring

Many successful businesses that have grown over the years have not looked at whether their structure is the most tax efficient way of conducting business. Do you want to be operating in the Corporation Tax regime, Income Tax or a combination of the two? If you are considering a business sale, what is the best structure for the company or for you as an owner?

Increase of share capital and allotment of shares

Increasing investment in this manner is often an efficient way to fund new ventures or to reward key employees. We will take you through the transaction from start to finish, including reviewing your company’s articles and setting up tax efficient share option schemes, such as an Enterprise Management Incentive (EMI) scheme.

Hive-up or down of assets in group structures

It makes sense to allocate assets in group companies to minimise tax, risk and administration. It is often the case that companies who have been through periods of change whether by expansion, merger or acquisition, benefit greatly from this kind of restructuring.

Company purchase of own shares

Sometimes a company may wish to reduce the number of shares in circulation, normally to buy out a retiring director or an exiting investor. We can guide you through this potential minefield to the completion of your objectives.

Seeking sources of equity and/or loan finance

If you are looking to bring in outside investment to help fund your business opportunities, we can advise on sources of finance such as EIS & SEIS schemes, angel investors, directors’ loans and debentures. We can also draft the agreements and company documents necessary to give all parties peace of mind.

Change from sole trader to partnership

If you are looking to form a partnership from an existing business we can create partnership agreements to define the relationship that you want to create.

Variations of partnerships for incoming or retiring partners

If you are looking to expand or reduce your partnership we can provide admission and retirement documents, we can also assess your existing agreements to make sure they properly deal with these issues.

Incorporation of sole trader / partnership into a limited company / limited liability partnership

Incorporation is an important step in the evolution of many businesses. Our solicitors will expertly guide you through the process and explain the many benefits that come with it and help you to avoid the pitfalls.

Get in Touch

Martin Reynolds is the Head of the Property and Commercial departments at Barrett & Co. Martin 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]

  • review rating 5  From start to finish these guys made me feel at ease during a turbulent time. First class service from all who I death with so I highly recommend them.

    thumb Mo Elliot
    6th May 2020
  • review rating 5  Vanessa Ruparel helped me to write my will after I re-married. She also sorted out my uncle's probate, which was more complicated than we anticipated. I have used Barrett & Co before many years ago when I divorced, so I didn't hesitate to use them again. They always give a quote up front for their work and if there are any problems and costs change they inform you and get your approval. I would never hesitate to recommended them (and I have done so). Thank you for all your help.

    thumb Pam Bryant
    17th April 2020
  • review rating 5  Used Barrett and Co extensively with my business and recently for a personal matter, excellent service on all occasions, you only get what you pay for, would have no hesitation in recommending their services. A big thank you to Vanessa for all her advice and assistance.

    thumb George Darling
    17th April 2020
  • review rating 5  Sometime ago I used Barrett and Co to create a will using Will Aid and it was a friendly and simple process. I have recently been made redundant so I went for an hours fixed fee meeting to discuss my settlement agreement, again this was a very informative meeting and helped me understand the process and provide me with useful questions to ask.

    thumb Keith Harris
    30th March 2020
  • review rating 5  Paul Wild is the best solicitor you can wish for. I benefited from his crucial law experience and wisdom. Excellent customer service.

    thumb Sue French
    5th March 2020
  • review rating 5  During the process of repossession proceedings against my tenant I felt reassured by the open and honest advice I received from Chris Miller. I was impressed by the efficient, professional and friendly service. I can highly recommend this company.

    thumb Eva Timlin
    1st March 2020
  • review rating 5  I had a very delicate but deeply personal matter that I needed professional legal help with.in short it involved a matter of my father's will,inheritance and money owed to me from a sibling.After much research I contacted Justin at Barrett and co.After an hours consultation with him and Hilary Buckle I gained the confidence to take further steps.it was in their mannerism and approach and they even gave me a written quote detailing exactly what stage they would charge me for ,and even this quote was much lower than other specialst solicitors .They were so considerate with me and their reputation so high that my sister instantly gave me large sum of money owed to me and as a bonus all siblings have begun mending our relationship.

    thumb azam khan
    6th February 2020
  • review rating 5  I used Barrett and Co for my will via the Will Aid scheme. They were very professional, efficient and friendly. They took time to explain things simply and effectively - offering advice on the implications of different scenarios and ensuring I 'future proofed' my will. Very pleased with the service all round. Charlotte Fox was excellent.

    thumb Gilly Lea
    22nd January 2020

Services for Business Testimonials

"Let me be the first to thank you from the bottom of my heart for all the work you have helped us through to get us here. It has been an amazing journey and I have personally learnt so much and hope that I will be able to continue to learn from you. I hope that you understand that you are by no means now rid of me/us. I look forward to our meeting on Thursday regarding the GDPR process we are going to have to follow. Thanks again and you can certainly take a bow!!!"

August 2018
– Willie Uys, Board Member, World Transplant Games Federation

"We have used Barrett & Co for a number of years for both commercial and employment issues. Most recently they have reviewed and updated a number of our precedent contracts to reflect the company's evolving business model. Simon, Justin & Rob are a pleasure to deal with and always focus on what we, as a client need to achieve. I would recommend Barrett & Co to any business, whether new or established, but especially those considering a brand new venture."

July 2015
– Louise Dunn, Managing Director, Auriga Consulting

"Justin's professional advice to me was extremely valuable and was delivered in a timely and thorough manner. The matter was resolved with a very positive outcome and so I would not hesitate to recommend him."

February 2015
– Peter