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]
We used Barrett & Co re conveyancing for the purchase of our new home. Richard Ince and his team, Rebecca P and Emma D were brilliant from start to finish. They were patient and clear in their explanations throughout, and ensured that all our queries were addressed, large or small........ A professional and friendly service - Thank you!
We used Barrett & Co conveyancing services to buy our first house and they made the process really easy for us, and we completed within the period of time we were hoping for from the start. Piers and Emma were very nice and helpful, and we thoroughly recommend them.
Outstanding! I was seeking advice prior to an employment Tribunal. The advice was holistic, objective and delivered with pure integrity. The 1-hour consultation gave me the confidence to proceed and do it with pride. I went into the Tribunal alone and was against an employer who arrived in force- I was outnumbered 4:1- and won! Not only was the advice immaculate and precisely on point , the humble and "real" element to our interaction was warming and very supportive. Thank you!
As a client of Barrett and Co LLP for many years, I recently had the pleasure of liaising with a Barrett and Co legal executive, Ms Juliette Spanner, with whom I had not previously encountered face to face, or even by telephone. I have in recent years lost my wife, and this was the first time I was dealing with a legal matter that I would normally have discussed with my wife of many years. During our first conversation by phone, I quickly realised that I had no need to 'go it alone' as Juliette immediately grasped my requirements and personal circumstances, and imbued me with complete confidence in the eventual outcome. From the outset, her subsequent written communication with me was of the highest order, timely and responsive to any queries I brought up, whilst her personal standard of verbal communication by telephone in the present Covid circumstances was exemplary. I was, as I have come to expect over the years in my dealings with Barrett and Co, totally satisfied with every aspect of my business dealings with Juliette. I have every confidence that the level of interest, professional standards and patience she demonstrated will continue to enhance the reputation of Barrett and Co. in her dealings with future clients. I unreservedly recommend both the firm and Juliette as a very reassuring and professionally competent duo. I commend them both, and wish them well in the uncertain times in which we live.
Justin Sadler did an outstanding job, providing excellent support and advice. Very professional and willing to guide you. He always replied to my emails and phone calls immediately. An amazing solicitor - definitely recommend him!
Barrett & Co came highly recommended through professional contacts. All the Barrett's staff we dealt with were polite and efficient. Chris Miller, who acted on our behalf, was polite, and professional, and his advice was sensible. We would recommend Barrett & Co.
Justin is a very nice man, he is very interested in what you have to say. Helpful and always responsive to any questions and will reply back was very happy with all he has helped me with Roger Buller
Extremely satisfied with the service. A protracted and complex case made bearable by the very professional and caring approach. The firm also took great care to avoid costs spiraling out of control. I would recommend Barrett & Co to anyone who asked.
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