Business Terms and Conditions

Shelley Bonney, Commercial Solicitor at WSP Solicitors

Part 4 of the ‘Starting a Business’ series Once you’ve sought to regulate your relationships with your business partners, you need to think about doing the same with your customers. It is commercially prudent to have a clear set of terms upon which you are prepared to do business and on which you can rely. […]

Governing Documents

Shelley Bonney, Commercial Solicitor at WSP Solicitors

Part 3 of the ‘Starting a business’ series If you decide to change your business structure or take on one or more partners or shareholders then you need a written partnership agreement or a shareholders agreement. These governing documents are set to regulate your relationship with your fellow business partners and help protect you and […]

How to choose the right Business Structure

Shelley Bonney, Commercial Solicitor at WSP Solicitors

Part 2 of the ‘Starting a business’ series When starting out in business there are various different ways you can choose to structure your business. The most likely Business Structure that you may opt for is either a sole trader, a partnership or a company. The decision really depends upon your circumstances and what is […]

How to choose a Business Name

Shelley Bonney, Commercial Solicitor at WSP Solicitors

Part 1 of the ‘Starting a Business’ series Choosing the right business name is important, but it is not as easy as it sounds. Here are a few practical and strategic things to consider when making this all important decision. Below we discuss the rules relating to names used by companies and LLPs.   A […]

Selling a Business: Tax Issues

Peter Mardon Corporate Business Director Gloucester

Tax issues you may face when selling a business In most (but by no means all) cases, when selling a business, a seller will want a share sale (the shareholders are the sellers selling their shares in the target company) rather than an asset sale (when the target company is the seller selling its assets). […]

Buying a Business: Tax Issues

Peter Mardon Corporate Business Director Gloucester

Tax issues you may face when buying a business For any buyer buying a business, the way the purchase is structured is of paramount importance and should be agreed at the earliest stage possible. Usually there are two main options available: an asset purchase (you buy the assets of the target company from that company […]

Anti-Bribery and Corruption

Peter Mardon Corporate Business Director Gloucester

The Bribery Act The Bribery Act came into force on 1 July 2011.  However, it is only relatively recently that the number of investigations and prosecutions has started to increase and come to the attention of the business community. The Bribery Act extended the crime of bribery to cover all private sector transactions (previously bribery […]

Review your company’s rule book

Shelley Bonney, Commercial Solicitor at WSP Solicitors

Is it time to update your company’s rule book? With several million companies registered at Companies House, the UK’s streets and internet sites are piled high with goods and services. With a boom in sales expected in this quarter in the run up to Christmas, business owners can see their revenues rocket, something that should […]

Do I need a solicitor?

Shelley Bonney, Commercial Solicitor at WSP Solicitors

Do you really need a solicitor or can you handle your own legal matter? In this digital age where information about most things is readily available, it may be tempting to save costs by trying to deal with a legal matter yourself without professional advice. However this is where it pays to remember the old […]

Partnership Agreements

Shelley Bonney, Commercial Solicitor at WSP Solicitors

Partnership Agreements Establishing a new business venture is always exciting. The early days of a bright new future are usually enhanced by the prospect of starting a business with people you know and trust. In the throes of such optimism there are often a hundred and one things to do, therefore little consideration is given […]