Enterprise Finance Guarantee for Business Owners
As a small to medium-sized enterprise, you may have viable business plans that need funding and for which a loan would be appropriate. However, you may be struggling to access the finance or working capital required because of the additional risks arising from the economic downturn. The newly announced Enterprise Finance [...]
What should you think about when buying a “bust” business from an administrator?
1. Look out for opportunities to buy businesses in distress. These could be competitors, suppliers or businesses that add value to your existing client base.
2. If a deal comes your way, you will have to be very focused on making it work rather [...]
Paying cash for an asset can be a significant drain on your working capital. Leasing the asset, however, gives you access to the asset without paying for it all at once.
All forms of leasing are basically rental agreements giving you (the lessee) the right to use an asset owned by the lessor (finance company) for [...]
Did you get that sinking feeling when you turned on the breakfast TV news on Monday morning? Were you tempted to pull up the duvet and just stay in bed…? NO, I didn’t think you were the type.
Truelegal has a great client base of enthusiastic entrepreneurs, individuals ready and willing to react to the market place. [...]
A joint venture agreement is suitable for two or more businesses wishing to come together for a specific project for a specific length of time but who do not wish to be bound together indefinitely. For those wanting to work with someone on a more long term basis then a partnership agreement may be more [...]
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A distribution arrangement is made between the supplier (principal) who sells his goods to the distributor and the distributor will, as a separate transaction, sell the goods to his customer.
There is no contract of sale between the supplier and the ultimate purchaser of the goods.
Put simply, the distributor will buy the goods from the supplier [...]
Most businesses (and particularly those that wish to trade nationally or internationally) use intermediaries in their dealings with the outside world. ‘Agents’ can provide businesses with, amongst other things, specialist knowledge of a particular market, commodity or area and an immediate presence for negotiating contracts in any geographical location. They can also be used to [...]
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If you’re the owner of a successful and profitable business and it operates against a model and systems that you believe could easily be taught to others, then you might want to consider leveraging your success by setting up a franchise operation. Franchises exist in all market sectors and in a variety of different forms [...]
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Although a written partnership agreement is not required to form a partnership it is vital to avoid uncertainty and the automatic application of unsuitable statutory law. A partnership is created when two or more people come together in business to share profit and losses.
This type of agreement is usually made for relationships of a long [...]
A shareholder agreement is perhaps one of the most important documents a privately owned company can have.
Shareholder agreements are so important because they provide a method for:
Resolving shareholder disputes
Preventing the personal circumstances of one shareholder affecting the company or other shareholders
Defines the powers of the shareholders
Defines the procedures and limits within which the [...]
