Protecting the future of your family business or partnership with our expert legal advice. We can help with trusts, succession planning and taxes.
Who Do Pitmans' Family Business & Partnership Protection Lawyers Work For?
Mighty oaks from small acorns grow – and so do great businesses develop from small beginnings. The sole trader may develop into a simple partnership, an LLP or corporate entity such as a Family Investment Company. Eventually the family company may grow into a public company.
Pitmans act for businesses of many kinds and structures, from start-ups onwards, but when they develop into something bigger and are likely to outlive the founder’s sudden death or retirement, business succession planning becomes an issue.
Risk protection may include “key person” insurance on the life of the founder, or “shareholder protection” policies to help surviving shareholders find cash to buy out a deceased colleague’s shares from the Executors. The policies may need “writing in Trust”.
Do Pitmans’ Family Business & Partnership Protection Lawyers Have Any Particular Areas of Expertise?
Advice may be needed on a structure to hold family shares amongst different generations, protecting voting rights by leaving shares in the hands of Trustees, and giving some protection against divorce or bankruptcy.
Working closely with Pitmans’ astute commercial and corporate lawyers, and our clients accountants and other financial advisers, Pitmans’ Family Business and Partnership lawyers, provide practical advice based on wide-ranging experience in this field.
Advice of this kind depends on a close understanding of the family dynamics, with pre-emption rights under company Articles, and Shareholder or Partnership Agreements being tied in with Wills and family Trusts, and taking into account the impact of Inheritance and Capital Gains taxes.
Pitmans’ Family Business and Partnership lawyers may be Partners in our own firm, and in some cases have been directors of private and public companies, including an insurance brokerage, with all the practical understanding of what it takes to run a business from the inside.
While our legal expertise lies in the law relating to Trusts, Wills, and capital taxation, our main practical value may lie in the very wide range of clients we have advised in the past, the problems we have seen and helped to solve. A phrase we often hear is – “Oh, I hadn’t thought of that.”
Even if we cannot solve all your problems, the chances are we can suggest some options you have not considered before, and at least enable you to take informed decisions in the light of trust or tax law, and feel that you have benefitted from our advice.
Why Choose Pitmans’ Family Business & Partnership Protection Lawyers?
Pitmans and its predecessor firms have been around in Reading for over 150 years. We became established in London in 2008. Our business has expanded from traditional private client work (Wills, trusts, probate, conveyancing, matrimonial and other disputes), into an impressive range of commercial fields, both UK and international.
Inevitably this brings us into contact with a very diverse range of business owners, and people who work for corporate clients. Many of them ask our private client team to help them with their personal tax and family business.
In a nutshell, we have a remarkable range of experience at your disposal.