Ashley Wilson - Business & Corporate

Business & Corporate Legal Services

We offer a comprehensive service to companies of all sizes and take a practical and pragmatic approach to all aspects of business and corporate legal services. Our expertise in this area is not simply limited to the extensive range of business premises property conveyancing but encompasses company formation, commercial and contractual agreements, business sale / purchase and asset dispersal and company formation including Limited Liability Partnerships (LLPs). We ensure that all areas of your legal requirements are covered regardless of your market sector or specific corporate requirement.

Document Downloads

The ALEP Process Explained

Enfranchisement FAQs

Overage Payments Explained

Business Sale & Purchase

Business M&A is fraught with risk. We assist our clients to minimize this risk and exposure thorough years of experience in business purchase and asset acquisition. At the earliest stage we are involved in the due diligence process confirming that the prospective company’s assets and balance sheet are viable and verifiable. Beyond this we act for both the vendor and the prospective buyer of a business at all stages of the process. A selection of the aspects we cover include:

- TUPE (Transfer of Undertaking Pertaining to Employment)
- Property title investigation, assessment & review
- Property lease transfer or review
- Management of restrictive covenants on either party
- Cancellation or imposition of guarantees and warranties
- Restructuring of banking arrangements
- Tax implications

Commercial Agreements

Formation of well structured commercial agreements at the outset of a business relationship ensures harmony in a business relationship from the earliest stage. Provision of a structure by which parties in the future may readily understand and refer to the terms of an agreement ensure the avoidance of unnecessary disputes and stressful litigation.

Years of experience combined with unrivalled understanding of contemporary business issues, markets and legislation ensure that your commercial agreements will not only support and enhance your business activities but safeguard your business from harm should a disagreement occur further down the line. A selection of the contractual agreements we can provide include:

- Corporate Terms & Conditions
- Supplier onboarding and compliance agreements
- Commercial property leases
- Regulatory affairs management
- Licensing agreements
- Non-disclosure agreements (NDAs)
- Restrictive covenants

Company Formations

As a full service Law Firm we offer and end-to-end service which also deals with the administrative duties of company formation. Regulatory corporate secretarial duties, completed accurately from the outset ensures clarity in the registration of a business names at Companies House at the formation stage.

We maintain a range of memorandum and articles of incorporation for specific forms of company from standard Ltd companies and the appointment of Directors and allocation of share capital to companies limited by guarantee and those relating to the acquisition of freehold buildings on behalf of flat owners (which normally provide that only flat owners are entitled to be members).

Specific memoranda and articles can be tailored by our team in particular circumstances whether or not in conjunction with an appropriate shareholder agreement, resolutions and/or minutes as required by an individual situation.

Limited Liability Partnerships

LLPs were previously the mainstay of professional services firms but have, in recent years, become more widely utilised as vehicles by entities wishing to enable a number of different objectives. The objectives range from enablement of individual, professional consultative practice within a group of consultants through to supporting a genuine sense of ownership from a company’s workforce as well as a compliance with a range of legislative and regulatory factors. Our team of experts can advise you as to whether this type of company formation is appropriate for your business and your partners.

The merits and demerits of establishing an LLP need to be addressed in order to ensure both compliance and understanding for both partners and their clients. The absence of issued share capital combined with the liability for tax based upon profit share, as opposed to net profit subject to corporation tax, will need to considered by all parties within an LLP.

Provision of robust partnership agreements at the outset is the cornerstone for success of the working relationship and as the company matures: departure of partners or even dissolution of the partnership in full may need to be considered and managed by your legal practitioner. Ashley Wilson Solicitors can assist in all of these areas.

Our Business & Corporate Legal Services Specialists

Tony Wilson

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Legal Updates

Does a development constitute a number of separate buildings for freehold enfranchisement?

Does a development constitute a single “building” or a number of separate “buildings” for the purpose of freehold enfranchisement?

There have been a number of decisions around the question of whether flat owners’ rights operate on a block by block basis or in respect of a number of blocks via single claim in connection with collective enfranchisement, the enfranchisement of the freehold to a single house, the right to manage and the right of first refusal.

Kings Speech 17th July 2024 - Leasehold and Commonhold Reform

In this, the first of a series of three articles, we look at what it means for residential leaseholders and their landlords with regard to enfranchisement rights (leaseholders rights to extend their lease or acquire the freehold of their house or block) now that the Government has stated that it will implement the provisions of the Leasehold and Freehold Reform Act 2024.

The King’s Speech of 17^th July 2024 announced that the Government’s legislative programme would include draft legislation on leasehold and commonhold reform: the “Draft Leasehold and Commonhold Reform Bill.”

This implied that the Government might have in mind leaving the conservative’s legislation, The Leasehold and Freehold Reform Act 2024, on the shelf and perhaps implement a wider set of reforms and consolidate the existing law following the recommendations made by the Law Commission.

Buying a house with an annexe and Stamp Duty Land Tax

Before you bid for a houses with an annex you need to carefully consider the amount of Stamp Duty Land Tax (SDLT) you will have to pay; it is complicated.