Business Asset Protection Advice Nottingham, Derby & Sheffield
Anyone who runs a business or that has business interests, needs to consider the implications of succession planning should anything happen.IMPORTANT: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.
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.
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.
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.
We specialise in Financial Planning, take a look at our other services:
April-Dawn Martin – Nigel Johnson has been extremely helpful, honest, thoughtful with my personal details & thoroughly professional with regards to our Will. Along with other details I felt totally at ease & he has come across as extremely trustworthy, & really cared about us. He has made me feel like I’m his only Client, so thank you so much Nigel for caring enough to deal with us.
Doreen – Nigel came to our house as my mum needed to make a new will. He was very professional but at the same time was friendly and easy going and that instantly put my mum at ease. He explained everything really well and l don’t think l could have found anyone better.
Thank you Nigel
Stephen Taylor-Edwards – Excellent service. Did exactly as promised when promised and very reasonable price. Recommend without hesitation.
Why Choose Us?
We have over ten years’ experience in this important area and you will find that we work to a strict code of conduct with both compliance and a client’s charter in place.
A duty of care to our clients is our number one priority, which means that we are only satisfied when our clients are more than satisfied with the work that we have produced for them.
We find that clients often thank us for explaining important points and procedures that they were not only unaware of, but others failed to point out to them.
We are qualified to give you the best advice and service, we also offer a free no-obligation discussion – at at time and place to suit you. We have ELITE PROstatus on Bark and have been recognised for our good services.