Legal and tax services for business owners

Wellers Wealth works with many clients who own and run their own businesses. Naturally, this additional dimension brings increased complexity when it comes to tax planning and we offer a range of services to help you from establishing a business to letting it go, tax-efficiently.

Tax reliefs and tax mitigation

We are able to advise on your options to mitigate tax and make full use of any reliefs you have including:

• Entrepreneurs’ Relief.
• Investors’ Relief.
• Incorporation Relief.
• The optimum arrangement for taking income.

Structuring business assets

Business Property Relief allows business owners to reduce potential Inheritance Tax charges to 0% on their business. Working with your existing advisers we are able to advise on how to structure your business to meet the requirements to qualify. Our Business Property Relief Will can ensure that your family has access to the full value of your business after you have gone.

Establishing your business

If you are in the process of setting up or buying a business, we are able to take on all aspects of the legal support you need.

• Registration
• Shareholders and partnership agreements
• Supplier agreements
• Franchise and joint venture agreements
• Assistance with acquiring or leasing commercial property

Exiting your business and succession planning

If you are planning to sell your business, our team of tax and commercial solicitors will be able to help you build an exit plan and structure your business to help you achieve the right market price and the optimum amount you receive after tax. Please read our introductory guide on How to prepare your business for sale written by Parmjit Bhogal of Wellers and Nick Wallis of accountants, Gerald Edelman.

Alternatively, with a family business, you may be looking for assistance with succession planning. In this case, you will want to ensure the structure, new ownership and management is properly documented. The Wellers Wealth team will be able to take you through this process to provide peace of mind that the business is set up to succeed after you are less involved.

For more information please call our Head of Wellers Wealth, Ingrid McCleave (0203 9098 576) a hugely experienced private client solicitor and trained tax barrister or her assistant Tara Edwards (0203 4812 422) or email us at wellerswealth@wellerslawgroup.com