In business we understand that very often time is money and therefore we look to work sympathetically to that fact, moving you through the legal process as smoothly as possible. We can provide specialist advice on all commercial matters including business set ups, company formations, charities, business restructures and business sales and purchases.

 

We can also handle all aspects involved in the buying, selling, financing or leasing of commercial property.

Whether you are a sole trader, in partnership with someone else or a company structure, we can act for you, giving you bespoke advice for your unique business needs.

 

Please contact us if you require any further advice, even if you are just thinking about starting out in a new venture, we would be pleased to be part of helping you to start your enterprise.

 
 
 
 

Business Structures set-up & advice

Starting out in business or expanding into a new venture can sometimes be daunting and time consuming and we therefore aim to deliver an efficient legal service with clarity on both the process and the costs.

Land & Buildings

Once you have accepted an offer for the sale of your property then you will need to choose a solicitor to act in the sale.The solicitor will need your title deeds to send information about your property to the buyer’s solicitor.

Acquisitions and Mergers

This deals with the purchasing and joining of different businesses.

Acquisitions

An acquisition is the purchase of one business by another, the purchase need not be of the whole, it can be the purchase of a majority. The control of the acquired business lies with the purchaser but to the outside world the acquired business retains its pre-acquired identity. An acquisition can sometimes be known as a takeover. The two main types of takeover are the sale/purchase of shares and the sale/purchase of the business assets

Mergers

In a merger two or more businesses merge to become one new legal entity, the former business identities are abandoned and a new one is formed in the merger. Businesses that merge are usually about the same size, the stock from the former business is surrendered and new stock is issued under the new formed business.

Transfer of Shares

This is the process whereby shares are transferred or sold between individuals or companies. The process may be required owing to the sale of a business or the transfer of ownership in a property following a matrimonial split.It is important to remember in this process that where more than £1,000 is paid for the shares, Stamp Duty at a rate of 0.5% (rounded up the nearest £5) is payable to HMRC. A Stock Transfer Form must also be sent to HMRC along with the payment.

Estate Development

Estate development can be the development of a new build site which consists of many properties, or renovation of an existing property which is then divided into parcels (separate plots) for the sale or lease of the individual parcels.For example, new housing estates and creation of apartment blocks from a property formerly existing as one unit.The development will involve many legal issues which must be addressed within the legal process and therefore legal advice and help may be needed from idea stage through to build stage and eventual sale or lease of the individual plots.

Licences

A Licence is normally created when a person is granted the right to use a premises without becoming entitled to exclusive possession of it. If the agreement is merely for someone to use the property for a specific purpose without the right to exclude the landlords occupation and control of the property at that time then the agreement will operate to create a Licence.

 

A Licence does not create any estate or interest in the property to which it relates. It only makes an act lawful which otherwise would be unlawful.

Trading from a commercial property under a Licence should be given serious consideration and the Licence documentation close scrutiny as the owner of property could exercise his right to terminate the agreement at short notice which could obviously have a serious impact on any business venture.