We specialise in acting for SME, in particular professional services firms of all types, such as doctors, dentists, pharmacists, veterinary surgeons (vets), opticians, accountants and solicitors.
We understand that you tend to work in small groups where personal relationships between the principals are key – and can cause problems when they break down.
Your practice might be organised as a limited company with shares, as a limited liability partnership (LLP) or a straightforward partnership.
Each of these has its pros and cons, and each has its special rules – we can guide you through these at all stages of your business life.
Which is best for you – limited company, limited liability partnership (LLP) or partnership? Which gives you the best protection? Crucially, how will you and your fellow principals manage the business?
We can advise on suitable arrangements, which could be:
- Articles of Association and a Shareholders’ Agreement for a limited company
- A Members’ Agreement for a limited liability partnership (LLP)
- A Partnership Deed (or Partnership Agreement) for a partnership
Unfortunately, disputes and disagreements do arise between principals from time to time. The best resolution will usually be by agreement and we will always look to achieve that whether by negotiation or some form of alternative dispute resolution such as mediation.
Ultimately, disputes can be settled by the courts or by arbitration. The tools available will depend on whether the practice is a limited company, an LLP or a partnership and we can advise on all of these.
Disputes can also arise with third parties such as suppliers, and we provide a full dispute resolution service, never losing sight of the commercial realities involved in such disputes.
We offer a full employment service, which includes drafting contracts and handbooks, and dealing with dismissals and other employment-related issues.
We are experienced in advising on all forms of exit/sale. It is never too early to start thinking about how to get the business ready for an exit and we can advise from the earliest stages.
At every stage, from setting up the business, through running it and then exiting, tax is a crucial factor to consider. We specialise in corporate and personal tax advice for business owners.