Once a business has found the perfect location from which to trade it is generally regarded as very important that the business can stay there. Leases are time limited (i.e. they are granted for a finite period of time) and so this can be a problem for a business tenant – especially where the term […]
Share Incentives – What happens if someone leaves?
If you are looking to implement a share scheme for your key employees you should consider whether the employees can take the shares with them if they leave. If you conclude that the shares should be transferred if they go, either to you, all the shareholders, or back to the company, you will need to […]
The Hazards of Trying to Sell your Company
A recent attempt by business owners to sell their company brought home to the Everyman Legal team the dangers involved. A chance unsolicited approach prompted the owners to think that the time might be right to sell: one owner would stay as a working director and the other two would step down. The buyers presented […]
Buying a commercial property using a Self-invested Personal Pension
Everyone should have a pension plan and be part of a pension scheme. People who own their own business or are self-employed can consider taking out a type of personal pension known as a Self-invested personal pension (SIPP). SIPPs offer much wider investment powers than are generally available for personal pensions and group personal pensions […]
Directors’ Duties: What you need to know
The directors of a company have day to day responsibility for the running of the business, its strategic direction, and decisions relating to operational management. They also owe a number of statutory duties to the company which are set out in the Companies Act 2006. Breach of these duties could have severe consequences and this blog […]
Selling your business? Here are our top 10 things to check
Whilst the process might seem daunting, with the help of your professional advisers you can ensure that things run as smoothly as possible when you come to sell your business. Here are our top 10 things to consider: Check your Company’s constitution What do your Articles of Association or Shareholders’ Agreement say? It may not be important […]
Is your business outgrowing its current premises?
Good news: you have a successful business that is growing with more orders, more staff and more stock. Bad news: you cannot fit all this into your current business premises which are now simply too small for you. So, what do you do? The immediate reaction is to say “I need to move” but that […]
My business lease is coming up for renewal – what should I do?
In two words: plan ahead. In slightly more words, you should be aware that although commercial lease law is designed to protect the tenant, the reality is rather more complicated. Depending on whether the property you are occupying is popular with other potential tenants or not, your negotiating position may be stronger or weaker than […]
Be a proud West Oxfordshire business and celebrate your success!
This year marks the 9th year of the prestigious West Oxfordshire Business Awards. The WOBAs are a celebration of business across West Oxfordshire, recognising the most successful businesses and bringing the whole business community together. We are delighted to announce that we are sponsoring this year’s Charity Award and that two members of our team, […]
Terms and Conditions of Business: Our Top 7 Tips
Your terms and conditions of business could be vital to ensure that your liability is appropriately limited if there is any trading risk linked to the product or service you provide. We’ve put together our top 7 things to consider: 1. Data Protection and IP GDPR has been a hot topic over the last 12 […]