M T G

Entrepreneurs and Family Businesses

We advise entrepreneurs and the owners of family businesses on all aspects of the ownership and structuring of their assets.

UK taxation: optimising tax efficiency, in terms of structuring the initial set up and ownership; extraction of funds; sales and other disposals; and inheritance tax on succession
Protecting the assets: from creditors; in family, matrimonial or other disputes; and in relation to family members unless/until old enough to become involved
Succession planning: passing the business on to the next generation, to avoid fragmentation; ensure control is with the right people; and to ensure the economic benefits are enjoyed by and protected for the next generation in a tax efficient way
Restructuring: we advise on restructuring existing businesses to achieve client goals, which include some/all of the above – if the current structure no longer achieves the client’s aims
International aspects: many of our clients have an international background and we advise on structuring using overseas entities, such as trusts, foundations, partnerships and corporate structures in many jurisdictions – liaising with partners in those jurisdictions to ensure the optimum result for the client.

Advising on restructuring a family [ metal ] trading business, to extract funds tax efficiently, pass the business on to the next generation in a controlled, tax efficient and protected way, and to exit a family shareholder not involved in the business
Advising on structuring of a number of property businesses for international clients, to ensure foreign income/gains can be invested in the UK in a tax efficient way, assets are ringfenced, and efficient profit extraction
Advising on the conversion of certain investment businesses into trading entities, so that they qualify for inheritance tax exemption
Restructuring of a hotel business, including use of tax efficient loan notes, and ensuring it will qualify for inheritance tax business property relief
Advising on structuring of a [ builders merchants ] business, including passing on economic value to the next generation, whilst retaining influence in managing the business.