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It’s very easy to get carried away with the excitement of starting a new business. But a few years down the line, you may find that a decision taken in the early days starts to create unwelcome headaches. Your business will grow and change and may outgrow the structure you originally chose.
There are at least seven recognised basic structures for doing business. Often you will need a combination of these. The structure you choose will have an impact on protection, control over decision-making and how wealth is managed, not to mention your longer term plans and exit. Unplanned change to meet new needs can have major tax consequences.
We’ll work with you to help make critical decisions, guide you through the process to minimise the tax consequences and implement the changes you need.
Read on to find out how we helped a client in this situation.
Our client had a successful trading company as well as a large investment portfolio. Each had a market value in excess of £1m. Our client wanted to merge his trading company with a competitor to form a commercial alliance while ensuring that his investments were kept completely separate from the deal.
