Midlands law firm mfg Solicitors has announced the promotions of ten specialists following another...
If you are carrying out an agricultural business from your land or building then you will want to consider what is the best business model structure for your enterprise. You may already be carrying out business in partnership with somebody else without even knowing it or you might be about to enter into a business arrangement and have concerns.
In recent years there have been numerous high profile legal cases linked to poor succession planning in farming families. Painful and expensive legal disputes can be avoided with the correct advice and associated legal documentation.
You may own land and employ other people to carry out acts of work and acts of labour. Joint Venture Agreements such as Contract Farming and Share Farming requirements are notoriously complicated and require a great deal of thought.
You may be a landowner who does not want to farm their land in hand and needs a choice of Tax efficient farming structures.
There may be Tax implications as to the type of arrangement which you are about to enter into. It is important that you take expert legal advice before entering into any such arrangements with business enterprise. An unanticipated change in the legal and Tax treatment of an arrangement could have damaging consequences for all parties. Our well established team could advise you on all aspects of the Rural Business Structures. We work closely with the Tax and Estate Planning department to ensure you effectively structure your business taking full advantage of Tax Relief and Allowances available at any given time.