Business Structures

Business Structures

Globally SME's (small and medium sized enterprises) constitute more than 50% of the GDP in developed countries and across the EU. SME's constitute 99.8% of all businesses and employ around two thirds of all employees. This is equally true in the British economy and especially so in London which continues to be a welcoming environment to set up and trade a business. Our lawyers have a wealth of experience in helping clients either establish a business or review its business structure when considering how to establish itself or whether to continue trading as an individual, a form of partnership, a joint venture or a company.

The decision should be considered in the context of the taxation legislation. For start ups there could be generous tax breaks. We work alongside a number of accountants and tax planners to ensure Entrepreneurs' Relief and other benefits are available during the life of the business and upon the exit of its owners. It is important for all businesses to ensure that it has the optimum structure in place and the supporting agreements necessary. We draft and advise on documents such as :-

  • Constitutional Documents
  • Enterprise Management Incentives and Share Option Plans (EMI)
  • Funding Arrangements
  • Joint venture Agreements
  • Shareholders' Agreements

Business and Company Growth or other Initial Public Offerings (IPO's)

As a business grows the circumstances facing it will often change and the existing arrangements and the agreements will have to be altered to reflect those changes. It may be necessary to prepare more complex documentation, and as the business continues to grow additional considerations such as listing on the Alternative Investment Market (AIM) may be the way forward.

AIM helps to raise capital for smaller, growing businesses to enable future growth, development and investment. It has listed thousands of companies since it began in 1995 and provides opportunities for businesses that have been developed from scratch.

If you are considering listing your business on AIM then expert legal advice from our corporate team will enable you to maximise the opportunity. We also partner nomads in assisting them and their clients in listing their clients' business.

We partner the client and the nomads and provide legal advice with the complex admission and listing process and all the compliance obligations.

Our experience includes :

  • Undertaking due diligence on the target company with a view to preparing it for an AIM listing
  • Advising owners with regard to public listings on AIM
  • Preparing, in conjunction with other professional advisers, the requisite IPO documentation for such listings
  • Proceeding to listing companies on AIM

For more information please contact Georgina Kyriacou, Max Lesser, Arthur Fernandes, Grant Rechnic, Andrew Fishman, Harry Pattihis, Alun Williams or Lucy Paltnoi.