You may choose to sell your business for a number of reasons, such as retirement or wanting to move on to new business ventures. When it comes to selling your business you’ll need to create goals and expectations for what you want to get out of the sale as well as consider any legal implications that may arise. That’s why we’ve created a step-by-step guide to help you sell your company.   ..read more

Selling a business is no easy task.  That’s why it’s important that you’re properly prepared well in advance. You’ll need to focus on why you want to sell the business, finding legal assistance, reviewing your financials and much more. To make it easier for you to identify the tasks you need to complete to be ready to sell your company, we’ve created a selling a business checklist:   ..read more

A shareholders’ agreement, also known as a stockholders’ agreement, is an arrangement among the shareholders that sets out how the business should be operated. It also outlines the shareholders’ rights and obligations as well as information about the management of the company and the privileges and protection of shareholders.  ..read more

Employee ownership trusts (EOTs) were created in 2014 and allow business owners to pass majority control of their business to a trust without incurring capital gains tax. Despite this financial incentive for owners to sell a controlling stake of their business, EOTs didn’t take off as a popular exit strategy straight away. However, in recent years their popularity has increased significantly. In fact, the UK’s employee ownership sector has more than doubled in size since 2020 and this growth shows no sign of slowing down.  Employee ownership trusts don’t just have financial benefits for ..read more

Management Buy-Outs (MBOs) allow the senior management team within a business to purchase the company from the existing owner(s). This approach can be particularly beneficial to companies as the new owners will have extensive knowledge of business operations, client relationships and the current market position. This ensures a smooth transition and continued success. If you’re considering undertaking a management buy-out, it’s important to understand the processes you need to complete and this blog will explore how you can plan accordingly ..read more

Selling a business. Legal Clarity partnered with The Midlands Corporate Finance team at Azets to advise, structure and facilitate the sale of Coventry-based “In Transit” Transport Services Limited to Shilling Group ..read more

Legal Clarity have assisted Aerocom in succession planning with a VIAMBO Vendor Initiated Assisted Management Buyout VIAMBO Vendor Initiated Assisted Management Buyout. The founders of Aerocom planned for retirement over four to five years, and wished to see the company carrying on with their business ethos – which has been key to the success of the business – so planned, carefully and early to ensure a smooth transition. Aerocom has grown over the past 21-years and has increased its footprint in the supply and service of hospital pneumatic tube systems with 93 major NHS & Private Hospit ..read more

Want the best succession plan for your business? You need to act now. As speculation rises that Chancellor Rishi Sunak looks set to more than double Capital Gains Tax following unprecedented spending to tackle the pandemic, many business owners are bringing forward plans to sell their companies. For those wanting a smoother exit or succession that preserves the integrity of a business, this is the ideal moment to consider a Management Buyout (MBO), Management Buy-In (MBI) or Employee Ownership Trust (EOT ..read more

Kingswinford based manufacturer has transitioned to employee ownership.  ..read more

The recent surge in employee ownership ..read more