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]
Great mirror will produced by Ms Spanner, it was so easy to do and she kept us updated at all times. We used the MS Trust special promotion and was well worth it. I would highly recommend Barrett & Co.
It is our first time to purchase a property in UK and we are not clear about the details and trick in the conveyancing process. We are lucky to have Piers and his team, Emma and Fatima to handle our case. Like everyone who want to complete the deal before the stamp duty holiday, we keep pushing the schedule. They are very responsive and patient to our enquiry. Instead of just "close the deal", they provide very professional advice to those critical issues on the tile. While protecting our interest in the legal point of view, they facilitate the process to meet the target schedule too. Piers' team did a amazing job. Highly recommend.
I was very happy indeed with the service I received: prompt, professional and sound advice, at a reasonable price. The resulting output has been both useful and specifically tailored to my needs. The practice was approachable and efficient; highly recommended.
I'm very grateful to have Barrett and Co as my solicitor for purchasing a house recently. Thanks to Piers and his colleagues for their responsive actions and efficient works. Very impressed that they often give me timely update on the overall status, also the detailed and prompt replies regarding my questions. Highly recommended!
Barrett and Co handled my divorce and other related matters between July 2019 and May 2021. I felt well-supported throughout my case, and was treated with the utmost empathy and understanding through a difficult time. Aadil Khan managed my case during the last few months and was instrumental in securing a fair outcome for me. I was provided with timely, professional and targeted guidance, which helped me navigate a complex case. Thanks for all your support!
I made a Will with the aid of Barrett & Co solicitors LLP and ,more recently, I added a Codicil. On each occasion I was treated with the utmost respect and I was given very sound advice. This firm also assisted in the sale of my house in a very efficient way. I highly recommend this firm for all legal needs.
The professional and personal attention we got from Barrett & Co was exceptional. From my first contact with Claire who arranged the first online meeting with Juliette who then handled all our needs with great care and considerstion for the delicate time we were going through. Juliette was very considerate of my dads slight language barrier with detailed help along the way. I would highly recommend them.
We contacted Barrett & Co to get advice on Wills and Power of Attorneys. Our primary contact was Juliette who was approachable and professional throughout the process. She gave advice based upon our particular circumstances and not just generic feedback. I would highly recommend Juliette and 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