Andy England – Business Tax Partner
Naturally, businesses can have a tendency to focus on short term operational matters but considering business protection is an important part of building a successful business and planning ahead can help business growth, reduce risks and manage potential future funding requirements.
Business protection encompasses a range of considerations from protecting valuable intellectual property and derisking new business streams through to managing shareholder relationships with a shareholders’ agreement or ensuring adequate insurance, including keyman, is in place to deal with unforeseen events including the loss of key employees.
Business protection is a critical part of any growth strategy to ensure that the business identifies and manages risk through a clear and considered growth strategy. which is regularly reviewed. This would incorporate detailed considerations including approach to due diligence and appropriate legal protection where the strategy includes acquisitions.