We know that starting and developing a business successfully requires careful planning and commitment. Decisions such as the structure of your business the premises you occupy, your contracts with staff and with customers and suppliers may all need to be reviewed frequently as your needs change. Our directors have themselves many years experience trading as an SME both as individuals, in partnership and as limited companies. They have built a team with the range of essential expertise to provide the all round legal advice you will need for your business.
We are enthusiastic about developing and maintaining long term relationships with our commercial and business clients as the better we know you the more effective we can be.
We are members of the Lawyers for Your Business Scheme, a Network of law firms that offers free initial advice to SMEs and are also members of the Bristol Chamber of Commerce.
It’s understandable that talk of death and illness can be a sensitive and unpleasant topic but for SME’s whose owners also work full time in the business, critical illness or death of a shareholder must be provided for.
Shareholders are people (or companies) that have invested time or money into a company in return for shares (equity) in that company. Shares can have very different rights attaching, for example some shares carry voting rights, some are non-voting but where voting shares are concerned, it is important to ensure the relationship between the shareholders is documented.
Some business owners have an overall exit strategy in mind from an early stage, quite often this involves selling their business. Preparing an exit strategy is always best practice as the unexpected can always arise, for example, a big offer from a larger company or a change in personal circumstances such as a health scare.
The prospect of owning your own business can be challenging but rewarding. One way to achieve business ownership is to buy an existing and established business. When purchasing a trading business, either as a share purchase or asset purchase, it is imperative that legal risks are known and mitigated.
Why should I seek advice from AMD Solicitors?
When you’ve found the ideal commercial property it can be tempting to move in quickly, particularly if you feel that the agent or landlord is putting pressure on you to submit an offer. This could mean that you end up entering into a lease without being certain about what the terms are and whether the lease suits your business purposes.
A business merger occurs when two separate businesses join together to become one single business or to create a group of companies. The new business entity should benefit in a number of ways, for example:
As a new business, the focus is always on generating clients and selling goods or services. Without a contract or terms and conditions of business, it will be difficult for a new business to clearly show what they have agreed to provide (and what they won’t do) for their charges.
Growing your business can be a very exciting, positive time but it also presents challenges. By taking some key legal considerations into account, you can make sure any growth plans are built on a sound legal foundation.
A charity disposing of property (such as by sale, lease or mortgage) must fully understand and comply with all of their legal obligations. Failing to do so could result in:
A shareholders’ agreement is a private written agreement between all or some of a company’s shareholders helping to define their roles and how they will reach certain decisions.
AMD's Liz Highams explaines the changes to information required by Companies House
Buying a business takes time. This can be frustrating when you are keen to embark on a new venture as soon as possible. With a view to minimising unnecessary delays and to aid a smooth purchase, the following tips may help you in the early stages of negotiation with your sellers and preparing for your purchase.
Janine Harris Commercial Property Solicitor with AMD Solicitors, offers tips which may help expedite your transaction and reduce costs.
The latest changes to the Distance Selling Regulations in the UK came into force in June 2014. These changes mean online businesses will have to reconsider their terms and conditions as they may need to make changes to the content of their websites and their terms of business.
For most new businesses it is essential to commence trading at the earliest opportunity. In the euphoria generated by seeing a business idea turn itself into a stream of customers or clients, it is easy to lose sight of the importance of putting commercial safeguards in place before you start trading.
Andrew Jack and Florence Pearce, Solicitors at AMD raise the question every business owner should think about.
Katie Hughes, Commercial Solicitor with AMD Solicitors looks at your Business needs.