Choosing the initial legal structure for your business will have had a significant impact on the way it has been administered and run. But as things develop and new ideas and concepts come along you may wish to re-visit the structure for several reasons.
Maybe you have new stakeholders, investors, property or a different personal life dynamic that is impacting your business situation. The business might be branching out into new areas or markets, and you want to keep these separate from the existing parts.
Maybe you are considering the sale of all or part of your business and want to structure it in the most tax-efficient manner. Or maybe you are simply trying to protect and invest past profits from the inherent risks associated with holding everything within your existing trading company.
We’d always suggest seeking professional advice before settling on a business restructure going forward. It’s worth spending the time to get it right – giving yourself the best foundations for the development of the business as you envisage. Talk to us if you need help with restructuring your business.
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