Corporate & Commercial Archives | Sills & Betteridge Solicitors

What you need to consider when thinking about selling your business

If you are an entrepreneur who has set up your own business then at some point, even if it is many years down the line, you are going to need an exit strategy. Usually, this comes about because of one of four key reasons: retirement, ill health, to make money, or to protect your financial future.

What will happen to my business in a divorce?

Divorce can be emotionally draining for everyone concerned, but it can be even worse when a business is involved as solicitors Sills & Betteridge explain.

The Supreme Court’s Employment Tribunal decision in numbers.

The Supreme Court abolished fees for bringing claims before the Employment Tribunal in a landmark judgement issued on 26 July 2017. The judgement is publically available on the Supreme Court website and is easy to follow notwithstanding that it deals with complex legal issues including EU law.

What you need to know about the Supreme Court decision on Employment Tribunal Fees.

The Supreme Court abolished fees for bringing claims before the Employment Tribunal in a landmark judgement issued on 26 July 2017. The judgement is publically available on the Supreme Court website and is easy to follow notwithstanding that it deals with complex legal issues including EU law.

Jersey Tax Avoidance Scheme Runs Aground

The lengths to which people go to avoid paying taxes are sometimes surprising, and the schemes that are created to facilitate tax avoidance come under close scrutiny from HM Revenue and Customs (HMRC).

It's All in the Timing

Selling the shares in a business you own and run attracts very favourable tax treatment in the UK and one of the most beneficial reliefs is Entrepreneurs' Relief (ER), which for most small businesses limits the Capital Gains Tax payable by the director-shareholders to 10 per cent as opposed to the usual rate of 18 or 28 per cent (being reduced to 10 or 20 per cent following the recent Budget).