Modern farming businesses operate in a complex regulatory environment.
Environmental standards, health & safety requirements, cross-compliance, Greening and Stewardship obligations as well as taxation issues each impose their own burdens on rural businesses making it more important than ever that the correct agriculture business structure is adopted for your rural business.
Diversification and development opportunities also need careful planning to ensure that the correct business model is applied. This can have profound implications not just from a practical perspective but also from a tax perspective to ensure that your business is structured in such a way as to be as tax efficient as possible.
As farming businesses grow and diversify, their agriculture business structure and model may also need to adapt and change.
We regularly advise our farming clients on succession issues and with the retirement and admission of new partners and we have particular expertise in the appointment and removal of directors, succession and retirement planning, mergers and farm sharing arrangements. We take the time to understand your specific agriculture business structure to ensure that you receive quality legal advice.
We also work closely with our rural clients in connection with corporate re-organisation for those who wish to move from traditional partnership model to a limited company status or a hybrid mix of the two.
We regularly deal with the sale and purchase of farming businesses and both live and deadstock for our rural clients.
Recent examples of work we have been involved with include:
- Reorganisation and part disposal of a large farming partnership to deal with retirement and succession planning and to take advantage of applicable Entrepreneurs’ Relief;
- The sale of a large quarry business in mid-Wales including the drafting of appropriate safeguards in connection with a retained element of the business.
- Advising a large dairy processing factory in Cheshire in relation to a management takeover.
- Advising a tenant farmer regarding a succession claim involving preparation of an updated and revised business plan growth model for presentation to the Agricultural Lands Tribunal demonstrating the current and future profitability of our clients’ holding.
How We Can Help
A member of our specialist team will be happy to help.
To discuss Business Structures issues, please either use the contact form on the right, email us at firstname.lastname@example.org or call us today on +44(0)161 941 4000 to speak to a member of our team.