Each type of structure has its benefits and we can help you decide which works best for your firm.

We act for over 200 law firms of all different types of structure, including LLPs, companies, partnerships and sole practitioners.  We have over 20 different structures within our current client base.

Structure planning

We are here to advise you with structure planning so you can achieve your personal and commercial objectives. We can help with:

  • Introducing new partners or shareholders
  • Practice valuation
  • Advising on buying-out departing partners or shareholders
  • Company purchase of own shares
  • Practice mergers, demergers or splits
  • Maximising tax efficiency for your firm
Incorporation advice

We can advise on the optimum business structure for your firm, and whilst incorporation remains a hot topic for law firms, is it right for you?

You will want to understand any potential benefits available to your law firm, the tax regime applicable to limited companies and their owners and the additional compliance and regulatory requirements that come with incorporation. We provide a comprehensive assessment, setting out everything you need to know about incorporation to enable you to make an informed decision and to guide you through the whole process, including:

  • Valuation of potential goodwill
  • Understanding the different tax regimes
  • Estimating the tax and cashflow implications
  • Optimising the timing of the change
  • Forming the company and other company secretarial matters
  • Liaising with your financial and legal advisers as required to produce the necessary agreements
  • Liaising with HMRC on PAYE and VAT matters
  • Applying to the SRA for approval of the new business entity
  • Working with your finance team to adapt your accounting records
  • Creating a tax-efficient remuneration structure for the owners, considering salary vs dividends, interest on loans, pension arrangements, property and family tax planning.

 

Contact a member of our Legal Team to find out more.
Content image: /uploads/team/unknown.jpg Jon Cartwright
Jon Cartwright
Partner
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Content image: /uploads/team/unknown.jpg Patricia Kinahan
Patricia Kinahan
Partner, Legal
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Content image: /uploads/team/unknown.jpg Andy Harris
Andy Harris
Partner, Legal
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Content image: /uploads/team/unknown.jpg Ian Johnson
Ian Johnson
Partner, Legal
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