13.3.2019

We were at a MBO conference earlier in the week and a client asked about how lawyers charge for their work. I said that solicitors as business advisors ‘sell their time’ so fees are largely determined by the number of hours spent on a transaction, and valuing higher le...

1.2.2019

What is due diligence?

Due diligence is a formal process by which a buyer of the company investigates the business. The process is designed to provide the buyer with information to support the valuation of the business and to bring out any key issues. You should involve...

9.1.2019

A business partnership can be fun.  Being asked to join a partnership could be the recognition that you have worked so long to achieve.  Starting a new partnership with your colleagues, could be just the challenge that you need.  You will be thinking about refining and...

6.12.2018

If you are giving a personal guarantee in relation to your company, we can advise you as solicitors on the key legal matters you should consider.

What is a personal guarantee?

A bank lending to your company will often ask for a personal guarantee to make you personally r...

15.11.2018

A shareholders' agreement provides for how a company should be run, and governs the relationship between the shareholders of a company. The document provides the opportunity to put into writing how you want your company to be run, but also what should happen if things...

25.10.2018

You should think carefully about the Inheritance Tax consequences if you are selling your business.

Whilst a business will usually benefit from 100% Business Relief for Inheritance Tax provided that you have owned it for at least two years before death, cash proceeds o...

6.9.2018

If your business is organised as a company, the sale can be carried out by selling the shares or selling the assets.


It is worth recognising the pros and cons of each option, and it is one of the many issues you will need to think about when exiting your business.

Overv...

4.8.2018

In many businesses including start-ups, the directors and shareholders are the same people. The directors will work hard to get the business going, whilst the same people as shareholders should get the benefits of their work in the form of dividends and increasing valu...

4.7.2018

What is it?

A ‘Green Socks’ clause is becoming the norm in partnership agreements for GPs and is also increasingly seen for other professionals. Partnership agreements are being specifically updated to add the clause.

The ‘Green Socks’ clause allows expulsion of a partne...

7.6.2018

Bangor University Senate has conferred the title of Honorary Lecturer to Tak Matsuda at its meeting of 5 June 2018. The Senate took this decision in recognition of his significant contribution to the work in the School of Law, which has been greatly appreciated and val...

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