Legal Risk and your Terms of Business Our last two newsletters looked at the legal issues you should be aware of as a Director when your company is in financial difficulty. Two of the main ways to avoid financial difficulties are ensuring prompt payment by your customers and avoiding contract disputes. In this month’s newsletter […]
Understanding Insolvency (Part Two)
Understanding Insolvency (Part Two) The subject of last month’s newsletter was what your duties as a Director would be if your company runs into financial difficulties. We covered the different types of insolvency procedure and suggested that your first step should be to take independent legal advice. In this month’s newsletter we highlight the risks […]
Directors’ Duties – Companies in Financial Difficulties
Directors’ Duties: Companies in Financial Difficulties Our newsletters over the last few months have been about planning for your exit, which most of us hope will mean retirement on a sale of your company. With the economy picking up you may be thinking about how to plan for that retirement. But, as we come out […]
Exit Planning – Closing down your company
Exit Planning – Step 8 – Closing down your company This is the eighth and final newsletter in our series on planning for your exit. In the last three months we covered the trade sale, the management buy-out and the family transfer. This month we consider what to do if you come to the conclusion […]
Exit Planning – Using your Will
Exit Planning – Step 7: Using your will to transfer shares in your company This is the seventh newsletter in our series on planning for your exit. In January we considered how you might exit via a trade sale and in our February issue we looked at the pros and cons of selling to your […]
Exit Planning – Management Buyout
This is Part 1 of the Sixth Step in our series on planning for your exit. Last month we considered the pros and cons of a trade sale as a route to retirement. This would mean selling to another company, possibly a competitor, and not a financial buyer or your management team. Most people assume […]
Exit Planning – Trade Sale
This is the fifth newsletter in our series on planning for your exit. This month we consider how easy it might be selling your company to a trade buyer: by that we mean another company, possibly a competitor, and not a financial buyer or your management team. Last month’s issue was about the importance of […]
EveryMonth (December 2013): Exit planning – Step four: The Importance of an Exit Audit
This is the fourth newsletter in our series on planning for your exit. In the first month we considered the importance of appointing a lead adviser. In month two we discussed the importance of taking stock and determining your personal objectives. Month three asked the question, do I need to have my company valued? Now […]
EveryMonth (November 2013): Exit planning – Step three: Do I need a valuation of my company?
This is the third in our series on exit planning for you as owner-manager. In the first month we focussed on the importance of appointing a lead adviser. Last month we discussed the importance of being clear on your personal objectives and the alternatives available to you as the owner. We now need to turn our attention to whether it would be a good idea …
EveryMonth (October 2013): Exit planning – determining your objectives
Last month’s blog was the first in our series about Exit Planning: how you as an owner‑manager should start the process of planning for your retirement. We emphasised the crucial importance of having a lead adviser to guide you on what may well be a challenging journey. So having taken that first step …
