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  Would like to place on record my thanks to Chris Miller who worked on our case. Great support and hard work to ensure we came out with a positive outcome. Would not hesitate to contact or recommend Chris, Justin and team to help with any future cases. Thanks again, Joe

    thumb Joe Pollock
    8/15/2019
  • review rating 5  I have recently used Barrett & Co to assist me with my divorce and can only say good words about the experience. Paul Wild especially not only provided reassuring advice, but his professionalism (and indeed, that of everyone at Barrett & Co) made me feel supported throughout the whole process, and left me with the feeling that he genuinely cared about my situation. The level of dedication displayed by not only Paul but also Richard Ince in the conveyancing team was top notch, in particular when turning work around within tight timescales, and keeping me appraised throughout so nothing came as a surprise. I will definitely use Barrett & Co for any legal needs in the future - very highly recommended!

    thumb James Bigus
    8/15/2019
  • review rating 5  Barrett & Co come highly recommended. I recently worked with Alan Warnes on a property sale that was very complicated due to changes in the lease, and dealing with difficult and lengthy queries from the buyer's solicitors, and Alan guided me expertly through the process. His tenacity, patience, legal expertise and good humour were greatly appreciated. I have used Barrett & Co's services for previous property purchases and sales, for declarations of trust, and one of the partners also became executor to my parent's estate several years ago. They are very professional, and also warm, friendly solicitors to work with. I would not hesitate to engage them again if the need arises.

    thumb Nicola Smyth
    8/06/2019
  • review rating 5  Thanking Justin Sadler and Chris Miller for being so welcoming, understanding, supportive, very dedicated to our situation. They are very professional and a very committed legal team! Also the receptionists were always welcoming and kind. I would highly recommend Barrett and Co Solicitors in the first instance!

    thumb Miranda
    8/01/2019
  • review rating 5  I had Justin Sadler work with me, giving excellent advice and general support with a very difficult, complex case against an ex-business partner. Happy to say that I got a full settlement before going to court, as with that advice, I was in a very strong, empowered position to emphatically 'win' my case without incurring additional court costs!

    thumb Chris Voysey
    7/31/2019
  • review rating 5  Jane Whitfield was friendly and professional and I found the process of making a will to be easy and straightforward. I would thoroughly recommend.

    thumb Elaine Sutton
    7/29/2019
  • review rating 5  Great service and brilliant advice, value for money. Justin Sadler help me with employment law issues. Justin was very supportive and really help me understand a difficult situation. I would highly recommend him & Barrett & Co.

    thumb Oliver Clark
    7/03/2019
  • review rating 5  I would definitely recommend Charlotte (I was getting a document witnessed). She was polite, professional and very efficient. Would use again.

    thumb Jo K
    6/24/2019

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