What Happens Following the Death of a Shareholder?
The death of a shareholder can not only be a difficult time for the family, but also for the business itself — especially if the individual is also a director of the company. Building an enterprise and making it a success takes a great deal of effort, often meaning estate planning is pushed down the…
Read MoreThursfields Corporate Team assists with Simon Lancaster’s Acquisition of Worcester City Football Club
Thursfields Solicitors corporate and commercial team, led by Philip Chapman, Corporate Director, and supported by Hannah Clark, Commercial Associate Director, advised Simon Lancaster, CEO of SJL Insurance, on his purchase of a 51% majority stake in Worcester City Football Club’s issued share capital. The acquisition saw Mr Lancaster invest significantly in the club, granting him…
Read MoreAmy Osbourn
Andreas Kyratzis
The Process of Selling a Business
Selling your business can be a complex undertaking with far-reaching implications. From considering tax liabilities to understanding employment law obligations, there is a lot for company directors to take on board. Although no two firms are ever the same, there is a standard process of selling a business which will usually be followed. Obtaining specialist…
Read MoreEverything You Need to Know About Family Farm Partnerships
Family farm partnerships are extremely common in the agricultural sector. For many farmers, these agreements are loose and undefined. It might even be assumed that because a long-term partnership is working well for all parties there is little reason to formalise it in writing. While there is no legal obligation to set out your farming…
Read MoreCan a Business Partner Force You to Sell?
It is common for business relationships to come to an end. Relationships may break down or one of the owners could want to explore opportunities elsewhere. Perhaps the company is going through financial difficulties and an owner decides to sell their shares to raise capital. Another potential reason for a split is a situation where…
Read MoreCase Study: Demma Group
Demma Group, based in the West Midlands, has grown into a nationally renowned building energy management system provider. Demma approached Thursfields for advice on its sale to Nordomatic, the leading BMS system integrator in Scandinavia. Thursfields’ team was instructed by Demma’s key shareholders to navigate the intricacies of the deal which included corporate and commercial…
Read MoreWhat Should be Included in a Business Purchase Agreement?
When transferring some or all business assets from a seller to a buyer, everything should be recorded in a business purchase agreement. Although these documents are common in asset sales, making sure that everything is included demands attention to detail and comprehensive guidance. Knowing what to include in an agreement for the sale and purchase…
Read MoreAsset Sale Vs Share Sale: Which is Best?
If you’re buying a business in the UK, the two main procedures available to you are an asset sale and a share sale. While both approaches work towards the same objective, there are key differences between the two that need to be taken into account. There is no definite answer to which will suit your…
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