Business Asset Protection Nottingham, Derby & Sheffield
Anyone who runs a business or that has business interests, needs to consider the implications of succession planning should anything happen. Planning will ensure that the Assets and control of the business remain with the people that you have decided should influence the running of the business.
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The advice needs to take into account, tax implications both now and in the future, any Trust that would help and the structure of the business, whether sole trader, partnership or a Limited company and the people chosen to run the business into future generations.
If you run a business and want to pass it onto your family or children, you will need a Trust to ensure you can. We cover business asset protection services across Nottingham, Derby, Sheffield, the Midlands and the South – get in touch for advice. See our other financial services.
We offer a free, no obligation consultation at a time to suit you, to discuss your needs.
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Anyone involved in business needs to consider what they would like to see happen to their business interest once they are no longer here.
- Is the Business a Sole Trader, a Partnership or a Limited Company?
- What type of Business is it?
- Can it carry on without the Current Owner?
- Would you like to Protect your Family’s Interest in the Business?
- Would you like to Protect Key People that are part of the Business?
It is possible that a Discretionary Trust may be the solution to the situation or it may be business clauses that are required to be included within the Will. Either way we are able to give advice on the best way forward depending on your individual requirements.
Business Assets Protection Services
What options are available?
We can help provide the advice and options that are open to you and the relevant implications on the possible decisions arrived at.
We can discuss Business or Agricultural Property Relief and the impact on both Income and Capital Gains Tax, the correct planning can help save thousands of pounds further down the line.
The meeting for discussing this very important area can take place in the comfort of your own home or in the workplace whichever is more convenient for you.
Part of the discussion also helps focus the mind on areas often missing in business such as having a Partnership or Shareholders agreement in place and the importance of having Lasting Powers of Attorney drawn up to ensure the right person or people are in place.
Should an unforeseen accident or illness leave you without the capacity to make important decisions in the day to day running of your business, a Lasting Power of Attorney can protect your interests.
As the business develops over the years you will be able to turn to us for help with any changes that you may wish to make with regard to your Estate and Inheritance Tax Planning.
Mr Fred Spencer – A friend of mine sent me the document written by Nigel, which was mainly about reducing the care fees that may be charged by our local council if either myself, or my wife needed to go into care. I found the document to be very informative and easy to understand. I then decided to talk to Nigel about what we may need to do in terms of our own Estate planning. Within minutes of talking to Nigel, he made me feel that he really had our interests at heart and he gave me quite a bit of free advice. As a result of this advice, we decided to commission NJ Legal Services to draw up new wills for us both and to change the ownership details of our property with the Land Registry. I would not hesitate to recommend NJ Legal Services and obviously, Nigel in particular, to friends and family. A truly easy and friendly experience.
Mrs Susan Hammerton – We were visited at home by Nigel who was friendly and very professional. His help and advice was given with patience and courtesy. Everything was explained perfectly. We are very pleased to recommend NJ Legal services.
Keith Hawley – This service was a gem we did everything on line fast and trouble free everything in plain English easy to understand the introduction booklet Nigel has produced was most helpful especially the information about Lasting Power Of Attorney saved me a fortune.
Nisita Vadher – We found NJ legal services online when we were searching for a solicitor to write out a will for my parents. I received a call back within a couple of hours of requesting this service. Nigel was incredibly helpful and explained the procedure in great detail. We were unsure of how this process worked and he had made sure to break down the process for us making it very simple and easy to understand. All of our questions were answered for us and the process took no longer than 1 hour! We are incredibly happy with the service that we have received and will definitely be recommending NJ Legal services to all our family and friends. Thank you very much Nigel.
Mrs V Billing – Nigel Johnson is the most professional and helpful friendly solicitor I have ever had the privilege too speak with. We have been in contact by phone and letters over the last few weeks sorting out my husband and my wills etc. If you have any queries he is just a phone call away and has a lot of patience, explaining things thoroughly. Excellent service highly recommended.
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