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Family Business

We have a long history of acting for some of the most well established owner-managed businesses, both in the UK and overseas. We understand what drives family businesses and provide strategic advice to help them to identify and achieve their objectives.

Family businesses form the backbone of the UK and global economies and at Boodle Hatfield we have been guiding the owners of many of these important businesses through the generations.

For a business to span generational boundaries requires long term vision and a shared understanding of the family history, values and agreed objectives. We can help you put in place the right structures and strategies to best suit your needs. By working closely with our clients and their other advisers we can achieve the family’s aims and make the business understandable, manageable and tax efficient.

Our team will help you determine the best strategy for your family. Every family is different and there is no right answer to succession planning - but we work as a team to discreetly pool our experiences so that our clients are informed on current trends and practice - what works and what may not. You can then make decisions in the knowledge of what is possible and what others have done.

How we help

Safeguarding the business

We advise on asset protection and how best to guard against financial, fiscal and legal risk, including how to mitigate the impact of, say, divorce.

Structuring the business

We can assist in choosing the most appropriate and tax efficient structure for the business whether that is through companies, partnerships, limited liability partnerships, sole traders or joint ventures.

Resolving disputes

We are experienced in dealing effectively with disputes between family members, trustees and beneficiaries, shareholders and management and employees.

Family governance

We advise on shareholders’ agreements, tailoring articles of association, family charters, private trust companies and the creation of family councils, as well as assisting in the devolution of control and economic ownership from one generation to the next.

Planning for a sale

We can advise on the sale of the business and mitigating associated tax liabilities.

Philanthropy and corporate social responsibility

We advise on all aspects of philanthropy and socially responsible activities, recognising their significance and importance to our clients.

Track Record

  • Providing strategic trust and tax planning advice for a large, high-profile, family property business. Recently, this advice has included a major review of the way in which the business is held through family trusts and a complex Variation of Trust Application designed partly to secure protection for the trustees of those trusts against potential personal liability in future.
  • Undertaking a Court Application under s57 Trustee Act 1957 for a series of complex family trusts owning a trading company.
  • Advising the onshore and offshore trustees of numerous valuable family trusts on how they should act in relation to the divorce of a third generation beneficiary who was either within the discretionary class of or entitled to life interests in those trusts.

 Our Private Wealth Services

Find a Family Business Lawyer

 

I help family members of all generations to ensure that their business is ready for success and to harness its future potential.

Hayden Bailey, Partner

Recent awards

How to find us:
London Bankside

Bankside Office

240 Blackfriars Road
London
SE1 8NW
DX 53 Chancery Lane

Telephone: +44 (0)20 7629 7411
Fax: +44 (0)20 7629 2621
Email: bh@boodlehatfield.com

London Mayfair

Mayfair Office

6 Grosvenor Street
London
W1K 4PZ

Telephone: +44 (0)20 7629 7411
Fax: +44 (0)20 7629 2621
Email: bh@boodlehatfield.com

Oxford

Oxford Office

6 Worcester Street
Oxford
OX1 2BX

Telephone: +44 (0)20 7629 7411
Fax: +44 (0)20 7629 2621
Email: bh@boodlehatfield.com

Bankside Office

240 Blackfriars Road
London
SE1 8NW
DX 53 Chancery Lane

Telephone: +44 (0)20 7629 7411
Fax: +44 (0)20 7629 2621
Email: bh@boodlehatfield.com

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