Company and Commercial Services

Name: Extreme Creations
Address: 7.23 Windsor House, Cornwall Road, Harrogate, North Yorkshire, HG12PW, GB
Telephone: +441423396959
Price range: $

In this area

Jordans Solicitors’ specialist Company and Commercial team understand the challenges which businesses of all sizes face in today’s tough economic and trading conditions, from new start-up businesses, partnerships to family SME’s which have been around for a number of generations.

Each of these businesses has their own unique challenges and obstacles to overcome and the team have the experience and knowledge to tailor our advice to your business and desired objectives.

Jordans Solicitors Company and Commercial team can help you and your business in all aspects of business law from buying, selling, investing in or re-organising your business structure as well as your trading contracts and documentation.

Jordans Solicitors can help with the following:

Our team are very experienced in advising clients on the sale and purchase of their business, whether that is the sale of shares in your company or the sale of the business assets. These transactions are often as part of a merger and acquisition transaction, a management buy-out or as a retirement strategy.
We can assist you with all aspects of the transactions, from the drafting of the Share Purchase Agreement or Asset Sale Agreement along with the associated ancillary documentation as well as the due diligence process.
A well-run company will be on top of its corporate governance. We can assist you with the drafting of bespoke company articles of association and shareholder agreements, as well as directors service contracts.
You may be planning to sell your business in the future and looking to add value with strong corporate governance being put in place or you may be looking at introducing key employees or family members into your business as part of a planned exit strategy. There can be benefits in having bespoke articles of association rather than relying upon model articles.
A Family Investment Company (FIC) is a popular way in which families can protect and pass on their wealth to members of their own family, whilst retaining control during their lifetime.
Land, property and investments are transferred into a company vehicle out of the individual’s own personal name. The founding family member is ‘paid’ by the company for these assets by the issuing of shares in the company and the founder(s) are usually the directors of the company thereby retaining control over their wealth.
Shares are then created which are issued to the founder(s) family members either personally or using the vehicle of a family trust. It is common for these shares, often referred to as ‘growth shares’ to hold the value in the company’s assets as their value appreciates over time. Dividends can be paid (or not paid) in different proportions to different categories of shareholders thus allowing the founders to continue to receive an income from their wealth. FICs are tax efficient in their inheritance tax treatment.
If you are considering moving your wealth into a FIC we would recommend that you take specialist tax advice to ensure a FIC is right for you.
If you are planning to set up an Employee Ownership Trust (EOT) we can assist you.
An EOT gives employees a financial interest in your company and are popular with companies looking for a tax efficient way to recruit retain and motivate your key employees for the benefit of all shareholders. It is important that you take specialist tax advice before embarking upon this course of action to ensure that an EOT is the right scheme for you and your business.
Shares are transferred into your EOT and held by the trustees for the benefits of all participating employees. In the event of a trigger event occurring (usually the sale of the whole share capital in the company at a certain level) all participating employees will share in the proceeds of that sale. The management of the company however is retained by the directors and beneficial owners of the company. Because of this, the EOT must be specifically drafted to ensure the shares created for the EOT are designated as employee ownership shares.
A Shareholder Agreement is a contract between the shareholders of a company which sets out how the company is to be run for the benefit of all the shareholders. They are especially important where there are majority and minority shareholders, where family members are in business together or where there are two shareholders holding an equal share of the equity in the company.
Having a well drafted Shareholders Agreement can avoid conflicts and dispute in the future when difficult decisions might arise or where two equal shareholders find themselves in a deadlock situation which they cannot resolve.
A Partnership Agreement or LLP Agreement is very similar to a Shareholder Agreement but they are appropriate where two or more people are in business together as a traditional partnership or a registered LLP.
We understand that businesses want their legal documents to be clear and easy to understand, which is why we will draft your documents in such a format. We ensure that contracts and other documents prepared for your business will be easily understood and implemented by your staff and customers. Having clear and carefully worded terms and conditions for the sale of goods and services is important to protect your business.
For larger bespoke arrangements where your standard terms and conditions are insufficient to record the terms of your agreement with a client or customer, we can assist you in drafting bespoke contracts and agreements.

Having years of experience in commercial law, we also understand the need to tailor advice to suit a company’s budget, which is why we are happy to discuss fees and your requirements at an initial no obligation meeting or telephone discussion.