The client was successful in obtaining a Tier 1 (Entrepreneur) visaRead more
Our clients were all shareholders in an established and successful architectural design company. They had been in business together for many years, and whilst they were all on friendly terms, they wanted to have a shareholders agreement drawn up. They wanted to have their respective rights and obligations as shareholders clearly set out in a written agreement so as to reduce the risk of a dispute arising between themselves at a later date due to uncertainty. Our clients also wanted to have specific terms included setting out the actions that could, and should not, be taken without an agreed majority of the shareholders. They also required detailed provisions to be included as to how and on what basis future share transfers would be permitted and actioned
We worked with the company’s accountants in relation to accountancy and tax-related matters.
The whole transaction completed successfully. Our clients shareholdings in the company were transferred to the buyer, and the commercial premises was transferred out of our clients’ registered title to the buyer, and our clients retained ownership of part of the registered land.Read more