Exiting Your Business

You may be selling your business ready for retirement, need support with bankruptcy proceedings or just want to change direction. We provide sound, sensible legal advice that's right for you and your business.

Exit Options

Does your business structure allow for an efficient exit?

If you're thinking of preparing your business ready for exit, BPE can review your current business structure including partnership agreements, LLP agreements and Shareholder agreements and advise on the current exit provisions and advise on how they can be amended to suit your exit requirements.

Insolvency, winding up a company

If your business has financial problems then you need to consider if it can legally continue to operate. This can be a stressful time for the owners and managers and we can point out the problem areas, suggest solutions and help steer you to calmer waters.

If you are a business or individual facing insolvency or need advice on corporate restructure, our expert lawyers can advise you on all aspects of insolvency and liquidation.

Selling your business

Buying or selling a company or a business can be a difficult and stressful experience. We take the stress and emotion out of the process allowing you to keep control of your own business during the transaction.

You may need to tidy up certain aspects of your businesss before you sell or you may want to retain certain key assets, allowing the business to use them for a fee after your exit. The buyer will expect a raft of protections from you as part of the sale and we will look to keep these to a reasonable level.

Whether you are an owner-managed businesses, an entrepreneur or a private or public company we will manage the deal and ensure completion falls within your timeframe.

Selling your business to your partner

If you're looking to terminate a joint venure, it's normal practice for one partner to buy out the other. However it's a good idea to plan for this situation in the original agreement, so you can ensure your partner sells to you rather than to a third party.

You need to ensure that you exit the joint venture without any continuing liability. We can advise on this and protect you from future liability.

We can advise and support you through any joint venture concerns you might have.

Management buy out

You may have identified that the most natural successors to the business you have created are already working for you. If you decide to offer them the chance to undertake amanagement buy out then we can advise you on how to go about this and the pitfalls that you need to avoid.

Takeovers

A takeover is just the same as selling your business. If you are a plc then the Takeover Code may apply and the buyer will have to comply with its requirements.

If you are a plc and are being taken over then this may be done by way of a Scheme of Arrangement and you and the company being taken over will be responsible for carrying out such scheme.

We have experience of acting on Schemes of Arrangement as well as advising on public company takeovers generally.

Structuring your exit to avoid anti competition rules

If you are structuring your business for exit and you're trading in the UK and Europe, you’ll need to be aware of competition law. It can be incredibly complicated, but if you make a mistake the consequences could be severe, with fines or even jail terms for directors.

We can help you make sure your agreements and business structures are compliant with competition law, keeping your business safe and helping you to operate more effectively, focusing on the business rather than the law.