B P CollinsÂ
B P Collins advised a family run property business whose assets were held in an LLP. They wished to transfer those assets from the LLP to a newly incorporated company. This was led by tax advice, so required us to work closely with the client’s tax advisor to ensure that the asset sale agreement would achieve what was intended from a tax perspective.
The client also wanted to put in place a shareholders’ agreement to govern the relationship between the existing shareholders and the next generation of family members going forward.
Because this is a family business, we had to approach the shareholders’ agreement differently, in that the provisions had to take into account family dynamics, the particular circumstances of the different family members and maintaining the family legacy, which was very important to the shareholders.
The decision-making, dispute resolution and exit provisions had to be drafted with these considerations in mind.
To speak to a member of our team about any deal or case we could assist you with, email enquiries@bpcollins.co.uk or call 01753889995.
