Family-owned businesses experience unique employment issues.
It is vital for the success of a family owned business that the parties know where they stand and that the employment relationship is clearly defined. Sensitively drafted contracts and policies need to be backed up by day-to-day practical legal advice and support. Our lawyers work closely with family-owned businesses to understand their individual needs and to help avoid conflict or misunderstandings.
Our family business employment lawyers can guide you through these and other issues and advise you on how your employment policies are affected by legislation.
If you own a family business, property may be one of its key assets. Financially, family business property can be an important capital asset and might generate rental income for you and your family. Operationally, it can be used to accommodate the business. Family business property might also be a home, either for you or for other members of your family. You might also feel a close emotional tie to your property, particularly if it is has been owned by your family for generations.
Our Real Estate and Commercial Property team is comprised of specialists in commercial property, agriculture, construction and property dispute resolution. This legal knowledge sits alongside the family business expertise of some of our property colleagues who can provide you with tailored advice that will benefit your business, your family and your property portfolio. As such, we can assist you with the whole life-cycle of property ownership from acquiring leases and freehold property, to managing leases and property interests, through to disposing of property and terminating leases. We understand that a well managed property portfolio gives you more time to concentrate on growing and maintaining your core business.
Jess Booz is a member of the Family Business team. Jess is a specialist commercial property and real estate lawyer. She couples this with experience in dealing with and acting for family-owned businesses. This means that she is ideally placed to advise family and owner managed businesses on all their property matters, including succession planning and business re-organisations. Jess grew up surrounded by various family businesses and has a keen interest and understanding of the different motivations at work within a family or owner managed business.
They understood how to balance the need to deliver a result with the need to keep family members on board.
Our tax team understand that providing specialist tax advice to family businesses can be crucial. Working with family businesses can require income tax, corporation tax, capital gains tax, inheritance tax and stamp duty land tax planning in one single piece of work. The earlier tax advice is factored into planning your projects the easier it is to identify the implications and possible opportunities to reduce the tax cost or risk.
Emma Bradley is a member of the Family Business team. Emma's background in private client tax means that she is ideally placed to advise on the tax aspects of structuring and succession planning for family and owner managed businesses, especially those with associated family trusts.
The tax team works closely with other specialist advisers such as family business consultants and accountants to ensure that the solution works from every perspective.
The sale of a family-owned business can throw up a range of issues that have lain dormant for a number of years such as:
With a strong specialism in corporate law and an in depth understanding of the dynamics of a family businesses, we are uniquely positioned to advise on you on the sale of your family business.