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]
Charlotte Fox handled my father’s Will in a professional and timely way. I would recommend them as solicitors for their excellent service
Excellent service and advice I would certainly use Barrett and Co again. Justin was very professional and knowledgable enabling me to achieve my desired outcome and cannot thank him enough. N
Highly recommended solicitors. Our experience of using Barrett and Co has been very positive, responses have always been on time and informative. We won't hesitate to use again should we need to.
I found Barrett and Co to be extremely helpful during a very stressful time. Paul and his trainee Nicholas were always quick to answer any questions I had and never failed to reassure me. I am glad I put my trust in them and would wholeheartedly recommend their services to others.
As I suppose like most people, my legal requirements have mainly revolved around house purchases and Will writing. Therefore when out of the blue I needed legally binding contractual advice I turned to Justin Saddler at Barrett & Co who made everything simple and understandable. Whats more he was able to add a little humour to the situation to make the process almost enjoyable.
Like many people I only have rare occasions to visit a solicitor, which can be daunting due to preconceptions and the unforeseen nature of the visit. However, when I spoke with Justin Sadler on an employment issue he was very quick to gauge what my requirements were and was able to adjust his explanation of legal documents to a level I was comfortable with. His quick grasp of the situation and legal knowledge meant that in the limited time we had he could concentrate on the pertinent areas and I came away with a much improved understanding of the issue. I was also very grateful to Justin for putting some real world context around the situation. This really helped tie the legal situation to the reality along with some practical advice that not only gave me understanding of how flexible the process was but also kept potential costs to a minimum. I would recommend Barrett and Co for their practical approach and openness in their dealings. They are definitely there to support you as their client rather than just do the legal bit.
I’ve known Justin Sandler for some years now having advised on some employment redundancy issues plus some property boundary challenges for recently My first engagement with Barrett & co being in 2005 when I moved into the Reading area. Highly recommend for friendly and competitive charged advice and support .
Very support and efficient: I worked with Justin Sadler on a couple of employment law items. Justin is very knowledgeable, supportive and really put me at ease. I would highly recommend him & Barrett & Co.
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