Restaurants & Bars
The shareholders' agreement and company's articles need to be right not just for 'day 1' but appropriate for company growth and even corporate failure too. Does the investment attract entrepreneurs tax reliefs (EIS and SEIS)? Will dividends be paid or profits retained for capital growth? Should the executives have performance incentives? Different classes of shares and directors' services agreements all need consideration.
Starting up a restaurant is an exciting venture but, as with any new business, there are risks attached. We act for a number of prestigious restaurant groups and we appreciate the budgetary constraints on up front legal costs. We handle all aspects of the legal process on setting up restaurant and bar businesses, acquiring premises and providing ongoing support. We liaise with tax advisers to ensure that the investment is done in the most tax efficient way.