Considerations for business growth
WHEN looking to grow a business, there are many considerations. You may need bigger premises, more staff and maybe new owners to join. You may need more cash. Your customer base needs to grow and maybe bigger suppliers need to be identified. You may be thinking of merging or undertaking a joint venture?
Knowing how to prepare your company and how to develop a strategy for sustainable development are the basic requirements for a growth phase.
Engaging an experienced company and commercial law firm early on will enable expert advice relating to:
Liabilities over your existing property or a new one.
Updating employee contracts and policies as well as any insurance increases.
Drafting and agreeing partnership or shareholder agreements with any new business partners
The risks and security involved when seeking finance to fund the growth phase.
Updating T&Cs or bespoke contract terms with suppliers and customers to protect the business.
Peter Lynn, partner and head of the company and commercial law team, commented: “Without a clear plan, your growth phase could not only stall before it begins, but you could damage your business. Identifying and preventing legal problems early on combined with proper planning can put your company in a prime position for growth.”
nnnnnWhat can Peter Lynn and Partners do to help?
Specialists are on hand to advise you on a wide range of matters including:
Company sales, mergers and acquisitions
nShareholder and partnership agreements
Commercial property sale and acquisition Management buyouts
HR and employment law
nnFinance agreements Succession planning Contracts and T&Cs Regulatory advice Debt collection Litigation
If you want to develop a structured growth plan, contact the commercial team on
01792 450010 / 029 2060 0799 or email advice@plandp.co.uk for free initial advice.
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