Our aim at is to provide a comprehensive range of legal services to business clients seeking a "one stop" approach to meeting the legal needs and requirements of our corporate, commercial and business clients which includes:
- Contract term negotiations
- General commercial contracts
- Shareholder agreements
- Partnership agreements
- Sales of businesses and their premises
As your specialist business legal advicers our intention is to provide you with quality legal advice that is both cost effective and comprehensive as well as in plain English; we aim to deliver "on time" and "within budget".
Frequently Asked Questions
Q: I wish to begin trading in partnership with a friend. Is a Partnership Agreement needed?
A: Whilst you could rely on the general law it would be far better to draw up a written partnership agreement to record who will be responsible for what in the new business venture and what is agreed concerning the division of any profits or losses. Remember that you may need to show what was intended, possibly for tax purposes or if things go wrong should there be any dispute about matters. You could rely on the general law (the Partnership Act 1890). Unfortunately, the general law is now very old law and was not designed for the specific needs of your business. The better approach is a modern written partnership agreement specific to your partnership.
Q: I need a business plan for my new business bankers. What do I need to cover?
A: The content of a business plan is unique to its business and management. However, in general it must:
Give an over view of the business:
- Summarise the plan and matters required to be successful
- Set out short and factual statements to persuade the reader to enter the detailed sections of the document
- Outlining the overall strategy for the business
Define the intended market and your intended product, stating:
- The product benefits
- Market sizes
- Prospects for expansion
- Who your competitors will be
- Obstacles you need to overcome before entering the market place
- Customer care and quality issues
- Potential for the business
About your competitors:
- Detail their strengths and weaknesses
- Detail their marketing strategies
- Outline their skills
- Highlight likely future developments, including new competitors and trends
About your management and organisation structure:
- Show track record of key employees
- Detail financial, organisational and other relevant skills
- Detail the commitment of management
- Detail the strategy for attracting and retaining staff
- Highlight any fundamental gaps in the team and how you will avoid problems
Define processes by reference to:
- Production
- Capital investment requirements
- Skill and personnel requirements
Describe premises and facilities:
- Detail their capacity, how you will use them and constraints
- Describe key plant and equipment needs
Define the financial performance of the business:
- Set out any past, present and future results
- Detail historic trends and following reference points through into forecasts
- List the assumptions used in detailing the above
- Identify the level of security that is inherent in the business
- Set out cash flow requirements
- Identifying sensitivity to changes in the underlying assumptions
- Show how management´s previous expectations have been achieved
- List key customers and key suppliers
- Set out management information generated
- Outline the anticipated taxation position
- Listing shareholder/partners details
The above may vary according to the specific business you intend to operate but is a broad summary intended to set the nature of a business plan in general context only.
Disclaimer of Warranty and Liability
We do not represent or warrant in any way that the information and/or data accessible on or via this website is accurate, complete or current. We have no liability whatsoever in respect of any use that you make of such information and all warranties, express or implied, statutory or otherwise are hereby excluded.
The information provided on this website is general and has not been written to meet your individual requirements.
Neither we nor any of our partners or employees will be liable for any kind of damages, howsoever arising, including, without limitation, loss of profits, compensatory, consequential, direct, exemplary, incidental, indirect, punitive or special, damages or any liability which you may have to a third party, even if we have been advised of the possibility of such loss.
These terms and this disclaimer and any claim based on use of information from this website shall be governed by the laws of England.
