They're Good for Families and Good for Business.
Family businesses sound like a wonderful idea, don’t they? Two or more family members taking pride in working together towards a common goal – making a commercial success of the family firm. It sounds idyllic enough. What could possibly go wrong? Sadly, the answer is ‘plenty’.
Thinking of acquiring a UK company?
Read our guide to the key points
Throughout this article, when we refer to the UK, we mean England and Wales. The regulations can vary for Scotland and Northern Ireland.
In recent years, the sums that the government has raised from Inheritance Tax have rocketed. Last year it raised £4.9bn – more than double the figure of 10 years ago. Part of the reason is the increase in property prices. It's also partly due to frozen tax thresholds. However, a big factor is families' failure to plan. Some people are deeply frustrated that the fruits of a lifetime of hard work can be subject to a 40% tax charge. What's just as frustrating is that such high charges are very often, perfectly legally, avoidable. All it takes is a little forethought and planning.
What is a shareholders’ agreement?
The best way to look at a shareholders’ agreement is as a ‘safeguard’ between all or some of a company’s shareholders. It regulates
You think you don’t need to write a Will?
It’s time to think again
“I’m sure I don’t need to write a will. The kids will be fine. They don’t fall out with each other, so everything will just be split equally between them.” We’ve lost count of how often we hear this kind of comment. If this is how you’re thinking, you’re not alone.
Lasting Power of Attorney
Julie was kneeling at the edge of a country road, bent over her husband, David. Moments before, he had been strolling towards her, when he was struck by a car. As he lay motionless and Julie knelt, waiting for the ambulance, she sensed that life for her was set for a dramatic change. In this blog, we look at the difficulties that arise when Power of Attorney isn't in place.
The past 10 months have proved challenging for so many businesses – although, for some, the word ‘challenging’ may barely seem adequate. Could it be that liquidation, voluntary or otherwise, is the only likely outcome for your business? Maybe. But equally, maybe not.
Now, more than ever, is a time for cool heads. There could be support available from sources you never knew existed. There are numerous emergency schemes now available for all kinds of business, and it there may be one that fits your business.
Before taking draconian steps that lead you beyond a point of return, it’s time to pause … to take advice and explore your options. Recovery may be closer than you think.
At METTLaw, we’re perfectly placed to support business owners experiencing financial difficulties. We have the experience and expertise to help you to overcome your business challenges and turn your company around, fast.
Does your business suffer from bad debts? Hopefully, it’s a rare occurrence. However, with the probability of a serious pandemic-induced recession looming, cash flow is likely to become an increasingly dominant feature of business life. As pressure on turnover rows, it will be more important than ever to keep a healthy flow of cash coming into your business. A major barrier to this is slow payers.
Are you a non-British citizen with business or investment interests in the UK? If you are, then, whether you live in the UK or not, you might be subject to Double Taxation arising from International Tax laws and treaties. This article is for you. Read it. It might save you a lot of money.
In this article, we're going to look at meditaion as a low-cost option for resolving disputes across Business, Estates and Property.
In this blog, we’re going to look at Trusts – what they are and why they’re so important. We’ll examine how, when correctly arranged, trusts are a legitimate way of saving your loved ones potentially huge sums of money - money that would otherwise be heading directly for the taxman’s pocket.
Secure your Estate against the risk of unnecessary tax. We’ll make sure your home, investments, savings, business interests, life insurance are protected as much as they possibly can be.
Entrepreneurs, investors, company directors - talk to us, the Tax specialists, about all your tax issues – compliance, income tax, corporate tax, capital gains tax and inheritance tax.
Are you starting a business? Or are you already established? Either way, your company needs to comply with the legal requirements - annual filings to Companies House and HMRC in the UK, and the tax and regulatory authorities overseas.
Avoid painful, costly and distressing litigation. We’re experts in mediation, arbitration and adjudication. Whether the dispute involves family members, business partners, investors, suppliers, customers or HMRC, we’re here to help.