As your family business develops, it is sometimes necessary to review your corporate structure, to ensure that it works for the business.

We have experience in helping family businesses choose the right corporate structure. Our Family business team members are drawn from a number of practice areas and we draw on the breadth of this knowledge to find the right reorganisation solution. This could mean streamlining your corporate structure, taking advantage of tax efficiencies or finding a corporate structure which better suits your business model.

The sale of business

The sale of a family business can throw up a range of issues that have lain dormant for a number of years such as:

• issues relating to land ownership
• the tax consequences of the sale, both for the company and individual stakeholders
• the future role of family members who wish to remain involved in the business post sale.

With a strong specialism in corporate and an in depth understanding of family businesses, we are uniquely positioned to advise on family business sales.

Share options

Family businesses are often owned, managed and employ a range of family and non-family members.

Share options are a useful way of introducing both family and non-family members to the ownership of the business. They can also be useful to incentivise employees.

We will help you choose the most appropriate form of share option in the circumstances and consider how they can be tailored to take into account:

• timescales
• tax consequences
• employee incentivisation
• effect on ownership structure.

For further information on any of the above services, please contact Nicholas Smith on 0117 314 5470 or Emma Fordyce on 0117 314 5354.