The right business structure

‘The farm and agricultural solicitors who are ideally placed to help with starting a farm business’

Whether you’re running a smallholding or an estate with a variety of business interests, one thing is essential. You have to set up the right legal structure for your business to match its needs, not just when you’re starting a farm business, but as it develops and diversifies too.

Sole trader, partnership, limited company?

There are advantages and disadvantages to every legal structure available to you. We can help you assess the pros and cons to put in place the right one for you. We will also make sure the right documentation is in place to protect your interests.

  • Partnerships
    In a partnership, you share ownership with one or more people and run the business together. It’s a popular and relatively simple way to manage the business. We can help draw up a partnership agreement to reflect your and your partners’ needs. If you’d like more protection in place, we can also help put together a limited liability partnership (LLP) which reduces your financial responsibility.
  • Shareholder agreements
    If you want to trade through a company, you will need a shareholders agreement. You’ll need to make sure your interests are protected, for instance by preventing shares being sold, or by making sure they’re transferred back to you in the future. As farm and agricultural solicitors with a long pedigree in company structures, we can carefully draft articles of association to regulate how your company operates and outline how shareholdings should function.
  • Employment issues
    If you’re selling your farm or contracting it out to someone else you may need to meet the TUPE Regulations. In other words, the purchaser will be obliged to employ your employees on exactly the same terms as you did. There are strict rules and time limits surrounding TUPE transfers, and we can help you make sure you comply with them.

Our credentials

Angus Williams of Royds Withy King is praised by a source for his “rural background and thorough understanding of agriculture.” He handles rural property work including farm and estates transactions and agricultural tenancies.” Chambers 2017 South West

“Royds Withy King advises lender clients on tenancy and financing matters. Angus Williams is noted for his knowledge of rural property.” Legal 500 2016 South West

Contact us now for expert help from farm and agricultural solicitors.

Your understanding of agricultural issues and potential stumbling blocks meant you had dealt with all the issues and before they arose. This was a 'first' for us and we felt the whole process was handled extremely well, we were kept informed as to the process and all the paper work was very straightforward.
Brian Thornton, Bretto Limited

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