Setting Up In Business
Buying and selling a business
We can advise on the most appropriate structure for the sale or purchase of a business, whether by means of the transfer of shares, business interest or assets. Ross Williams Solicitors have sufficient resources to deal with any size of transaction, and where appropriate we are able to call on the support of our employment and commercial property teams in order to provide a comprehensive and seamless service to our clients.
We also advise on the process of merging two business entities and the most appropriate transactional and group structures to achieve this. We can also assist with company reorganization, buy-outs, buy backs and EMIs.
Our partners have over 50 years combined experience. We specialise in family law including divorce, children issues and financial implications, and also in property and commercial work, and wills, estate and Probate. Though we specialise in family law, we can help in a wide range of legal matters.
Whether you are looking to set up a new business as a sole trader, general partnership, LLP or a company limited by shares or guarantee, we are here to help guide you on the most appropriate business structure. Ross Williams Solicitors, where possible, will assist you with formally incorporating and registering your company or LLP.
Constitutional documents govern the running and day to day management of your business. Whether you are setting up a new company or have a long established business, it is important to ensure that your constitutional documents accurately reflect the intended management structure. We are able to prepare bespoke constitutional documents including articles of association, shareholders agreements, partnership agreements and management agreements.
Ross Williams Solicitors can advise on a variety of corporate re-organisation structures including buy-outs, buy-ins, buy-backs and demergers as well as EMIs and other employee share option schemes. If you require advice as to the pros and cons of trading as a partnership, as a limited company or on your own, we can help you decide which route is best for you given your current circumstances. We can help to set up and structure your business to suit your plans and requirements. From initial advice to formation, drawing up documents such as shareholder agreements and meeting legal requirements, we can guide you through the complete process
Incorporation and Company Formation
Our specialists will help you with all aspects of buying or selling a business, from the setting up of limited companies (including the contents of the Memorandum and Articles of Association and shareholder agreements) through to ongoing support with compliance with company law (including company secretarial requirements).
If you are establishing a partnership, we can clarify the rights and responsibilities involved and advise you regarding the concept of limited liability partnerships. You should always have a written agreement in place that sets out the partners’ roles and responsibilities. We will help you prepare a partnership agreement that will give your partnership the best possible start and will help foster a good working relationship.
Management and Administration
As part of our service, we will assist you with all aspects of the management and administration of your company’s affairs, including directors’ and employee service contracts and the responsibilities and liabilities of the company and its directors.
A shareholder agreement is essential to the running of an efficient business, especially in the context of pursuing further investment. A common source of dispute is that the aims and objectives of the shareholders and company can change over time. The written shareholder agreement allows the parties to determine a dispute in a straightforward manner and may even prevent it from occurring in the first place.
Share sales or purchases
Share sales or purchases may include mergers, acquisitions, sales and take-overs. A written agreement should address the method of hand over, tranche payments and the use of indemnities, in order to avoid the problematic question of enforcement if payments are missed or promises are reneged upon.
A small initial consultation fee will be charged. To arrange to speak to our specialist business formation solicitors, contact us on 01462 636666 or complete our online enquiry form.