The restructuring of a business can occur for various reasons - both driven by commercial considerations, and by tax benefits. Examples of the type of work which we undertake for our clients would include:-
- converting from a sole trade or partnership to a limited company
Formation of a Limited Liability Partnership (LLP)
- often converting from a traditional partnership
Creation of a group structure
- perhaps involving establishing what were divisions of a business as subsidiary companies
Disposal of non-core business elements - either divisions or subsidiaries
Whatever eventual transaction arises, our starting point will always be a review of business strategy, and business risk. Any restructuring will be the outcome of this assessment.