Though this heading appears formal this is a section of law which perhaps has the greatest practical effect on all of us.

70% of UK businesses are family owned, accounting for 50% of the total workforce. In a family owned business it is inevitable that the distinction between work and home becomes blurred, and balancing the demands of the two can become very difficult.

Many of the legal obligations which apply to large international companies apply also to small companies and businesses. At the start it is important to put in place the correct business structure to govern the business’ internal relationships so as to provide, at the very least, a framework should difficulties arise in the future. We can discuss with you the various ways of achieving this so that any structure reflects what is needed.

It is also important to control the business’ relationship with others, such as suppliers and customers. Difficulties can be avoided if your business trades with them on proper terms of trading which will for example define when ownership in goods is transferred, and clarify the obligations that the business will undertake, and those that it will not.

Parliament and Europe have intervened to affect those relationships and it is important to ensure that your business complies. Dickins Hopgood Chidley will provide support and assistance in these areas.

DHC can advise on all aspects of business acquisitions and sales.

For further information please contact:
Christopher Chidley at: cchidley@dhc-solicitors.co.uk
or Richard Drake at: richard.drake@dhc-solicitors.co.uk

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