Choosing the most suitable structure for your business can be among the most far-reaching decisions you ever have to make.

In a rural context this can involve creating the right business vehicle for purchasing, leasing or selling land. There can also be issues around diversified land use. 

Our long experience and well-known expertise in rural business means we are ideally placed to provide you with all the support and advice you will need to find the right solutions.

Our team can help you with fundamental issues like whether to be a sole trader, limited partnership, partnership or company. The best route may depend on personal financial and fiscal circumstances. 

Our aim is to achieve the best for you, so we may also help you to consider the full implications of any venture. For example, sometimes it may be wise to have more than one business structure – depending on the diversity of activity and, perhaps, to protect assets from the possible consequences of higher risk ventures.

Changing circumstances mean that some traditional approaches to business structures are no longer appropriate. For example limited partnerships were often used as a vehicle for the establishment of fixed term tenancies of agricultural land.  This has largely been made redundant by new forms of short limited duration and limited duration tenancies.

Whatever the circumstances, our specialist land resources team is here to give you sound and up-to-date advice that will provide you with firm foundations for any business venture.

For more information please contact Jim Drysdale.