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Planning Private Share Acquisitions
Private share acquisitions involve the purchase of shares in a private company, typically characterised by direct negotiations between the buyer and seller. This type of transaction can be intricate and requires meticulous attention to legal and procedural details.
What role do my employees play in succession planning?
Succession planning can help with preserving the future success of your small business. While much of the focus is often on identifying and preparing successors for key leadership roles, it is equally important to consider the role your employees play in the process as their involvement can significantly impact the effectiveness of your succession plan.
What are the tax implications of succession planning?
While an important process for preserving the longevity of your business, succession planning comes with several tax implications that must be carefully considered and managed. Understanding these tax implications can help you plan effectively and avoid unexpected financial burdens.
What do I need to create a succession plan?
Creating a succession plan can ensure the continuity and future success of your small business, outlining how leadership transitions will occur and helping to prepare the business for a smooth changeover. This may be several years before your planned exit date.
When should I start thinking of succession planning as a business owner?
Succession planning is an important aspect of managing a small business, however many owners delay it until it’s too late. Knowing when to start thinking about succession planning can make a significant difference in the continued success of your business.
Why is succession planning important for my small business?
Succession planning may not be something you have considered before, as a small business owner, but it is important when it comes to futureproofing your business and potentially maximising your return on exiting the business. You’ve likely invested countless hours and resources into building your business, which means ensuring its continuity and success long into the future is crucial.
Elves in Enterprise: Crafting the Perfect Partnership
Buddy had always fancied himself as an entrepreneurial elf. He had left the North Pole in search of greater business opportunities and now felt like this was the best time to give it a go. With the help of his best friend, Chip, a neighboring elf who was equally as driven, Buddy began planning their business idea.
The importance of agreements for your business – especially now
When it comes to business, uncertainty can be incredibly damaging. And if you aren’t protected through up to date and appropriate agreements, this can make matters significantly worse
Black Friday - What can you legally say?
The big question is, how can you take part and how can you make sure you do it right? Whilst some retailers are offering genuine deals, there are others who aren’t in fact offering customers the bargain they claim to be offering.
Why should I bother with Terms of Business?
While many deals are done on the basis of a handshake or a phone call and the parties end up happy, asking if written Terms of Business are important is like asking whether you should have insurance or whether we need a highway code.
GDPR and Brexit: What Next?
GDPR is a European directive and its aim was to harmonise data privacy laws across Europe, so how will it apply to the UK if we leave the EU and leave with no deal? How should you prepare for such scenarios?