Wealth & Asset Protection

When you've worked hard to build financial security for you and your family, it makes sense to protect it for those times when situations arise that may be beyond your control. Protecting family wealth demands early planning and a close personal relationship with your legal advisors.

Business

Shareholders agreements

We would advise shareholders in a company to draw up a shareholders agreement. Along with the Articles of Association, a shareholders' agreement sets out the 'internal rules' by which a company is run. Matters such as issuing new shares, selling assets and appointing directors should all be set out in the agreement. 

Our Corporate team can support you in drafting all the terms and conditions you need when setting up your business, and as your business grows, ensure they still meet the needs of all your shareholders. 

Corporate Will

BPE's Corporate Will service provides family business owners with a joined up approach to succession planning addressing issues such as: 

  • What happens to your shareholding upon your death 
  • What would happen to your shareholding in the event of marital breakdown
  • Who makes business decisions if you become incapacitated for some reason

 Our Corporate Will service looks at: 

  • The existing Articles of Association and any Shareholder's Agreements and advice on any proposed changes 
  • Putting in place powers of attorney in relation to business and personal financial decisions 
  • Making/updating Wills to sit neatly alongside this 
  • Considering general succession planning for the business 
  • Inheritance tax planning 
  • Insurance options to provide cash on the death of an owner to buy back shares 
  • Protection in respect of divorce or separation

The beauty of a Corporate Will is it is paid for by the business.

IP audit and risk of personal liability

Being such an intangible concept, many businesses are not wholly aware of what IP they actually have to their name. As a result, IP can often be left unprotected and vulnerable, or opportunities to exploit IP can be left unexplored.

Should IP be valued and included in your company’s accounts, and are there tax credits to be claimed by virtue of R&D-based IP?

With an opportunity to come in and understand your business, we can undertake a full audit of both obvious and visible IP, such as patents and trade marks, together with the more subtle IP, such as copyright, know-how and confidential information, both with a view to identifying the assets your business has, and how best to ensure those assets are protected and exploited.

What happens to my business interests if I die?

When you've worked hard to build financial security for you and your family, it makes sense to protect it for those times when situations arise that may be beyond your control. Protecting family wealth demands early planning and a close personal relationship with your legal advisors.

Succession planning involves more than making a Will. We can advise you on lifetime gifts, family trusts and shared business ownership, as well as any related tax issues such as inheritance tax, capital gains tax, income tax and stamp duty land tax.

BPE's Corporate Will service provides business owners with a joined up approach to succession planning addressing issues such as:

  • What happens to your shareholding upon your death 
  • What would happen to your shareholding in the event of marital breakdown 
  • Who makes business decisions if you become incapacitated for some reason 

Our Corporate Will service looks at: 

  • The existing Articles of Association and any Shareholders' Agreements and advice on any proposed changes Putting in place powers of attorney in relation to business and personal financial decisions 
  • Making/updating Wills to sit neatly alongside this 
  • Considering general succession planning for the business 
  • Inheritance tax planning is crucial for business clients contemplating a sale of the business in the short to medium term 
  • Insurance options to provide cash on the death of an owner to buy back shares 
  • Protection in respect of divorce or separation 

The beauty of a Corporate Will is it is paid for by the business.