You only get to sell your business once and getting the right price at the right time can be a significant challenge if you are not well prepared. Not only that, but the process itself can be a major distraction which could have a detrimental impact on your business. Staying one step ahead and making […]
Which employee share scheme is right for your business?
There are many uncertainties in the world of business and an ever increasing pressure on business owners to look after their team. One great way of attracting, motivating and retaining your key team members is to implement a share scheme for your company. There is a lot of information out there and many different schemes […]
Pass the Reins, Not the Pain – Employee Share Schemes
Setting up your own business is likely to have cost you as a business owner significant financial pain and risk. You may well have had to sacrifice a secure and high salary in paid employment before you took the plunge. Any bank loans will have been subject to personal guarantees and perhaps secured on your […]
Giving Shares to an Employee
You may have hit upon a New Year’s Resolution: motivating one or more key team members with shares in your company. You know they have no money to buy the shares, so instead you plan to give them the shares. But they will not thank you if your gift gives them an unexpected tax bill! […]
Celebrating Success, Succession and Enterprise
Mentoring – “a brain to pick, an ear to listen, and a push in the right direction” … Since September 2018, Nikki and Natalie have been working closely with Henry Box school in Witney, in their new capacity as Enterprise Advisers. Last week saw the new Mentoring Programme for year 12 students come to life, with […]
Case Study on Employee Share Schemes
Are you: Working harder and harder in your business? Unclear on how you will ever be able to take a step back? Reliant upon the key members of your team but worried they might leave? A recent assignment for an Oxfordshire company brought home the importance of open and transparent communication when it comes to […]
Employee Share Schemes – Do I need a Shareholders’ Agreement?
If you’re implementing an employee share scheme for your business you may wonder whether or not you need a Shareholders’ Agreement to govern the relationship between the shareholders. Assuming you, as business owner, will retain a “controlling interest” i.e. more than 50% of the issued voting share capital of the company, you will retain one of […]
Share Incentives – What happens if someone leaves?
If you are looking to implement a share scheme for your key employees you should consider whether the employees can take the shares with them if they leave. If you conclude that the shares should be transferred if they go, either to you, all the shareholders, or back to the company, you will need to […]
The Hazards of Trying to Sell your Company
A recent attempt by business owners to sell their company brought home to the Everyman Legal team the dangers involved. A chance unsolicited approach prompted the owners to think that the time might be right to sell: one owner would stay as a working director and the other two would step down. The buyers presented […]
Directors’ Duties: What you need to know
The directors of a company have day to day responsibility for the running of the business, its strategic direction, and decisions relating to operational management. They also owe a number of statutory duties to the company which are set out in the Companies Act 2006. Breach of these duties could have severe consequences and this blog […]