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With predictable revenue streams, it is understandable why a subscription business is attractive. Recent years have seen the launch of various innovations, such as monthly recipe boxes, coffee pods or health products, with numerous digital apps adding to established subscription services such as magazines or a wine club. Online trading platforms, such as Shopify or Kofi, make it easy to set up a new business and the subscription model has taken on new life, but there is a web of…

Enterprise Management Incentive Schemes ( EMI Schemes ), offer significant tax benefits for both companies and their employees by granting the right to shares in the company to employees in the most tax-efficient way (geared towards attracting and retaining employees).  Now the Government has brought in changes to the EMI qualifying conditions, aimed at simplifying the administration of these schemes.  Would your business qualify? Request the EMI Eligibility Questionnaire using the form at the bottom of this page. What has…

Wherever a business is in its lifecycle, funding is a critical factor in driving growth and, ultimately, success. Many businesses do this through venture capital. In this article, we explore the pros and cons of venture capital, particularly in terms of seed, scaleup and series A funding and how these forms of venture capital can provide the resources and expertise to maximise the potential for success. The Pros and Cons of Venture Capital Funding Advantages of venture capital funding In…

A robust set of terms and conditions are essential for every business, allowing you to clearly outline the products or services you are selling, the terms on which you are selling them, and the steps that will be taken if things go wrong. Not only is it vital to get your terms and conditions drafted properly by a legal professional from the outset, it is equally important to review them regularly to ensure they remain fit for purpose and protect…

Peer-to-peer (P2P) lending has become increasingly popular with entrepreneurs and small business owners as an alternative to a traditional bank loan for a startup, or to fund an existing business venture. Loans are typically offered via a website operating as a P2P marketplace, using financial technology, to connect borrowers directly with investors. In doing so, the middleman – the financial institution – is removed from the process. In the case of a P2P loan, an investor opens an account and…

In an update to the original Data Protection and Digital Information Bill brought to the UK’s House of Commons on 18th July 2022, the Data Protection and Digital Information (No.2) Bill was introduced on 8th March 2023 with the aim of strengthening the country’s data protection law and increasing online safety. What is the Data Protection and Digital Information Bill? Michelle Donelan, Secretary of State for Science, Innovation and Technology, said that the new Bill followed a detailed consultation with…

Creating the right shareholders agreement for a company isn’t straightforward. No two agreements are exactly the same. Understandably, some boot strapping startups will try to save money by creating their own shareholders agreement using a template, but this can be a false economy. Every business is different and is exposed to a different set of risks, so it’s important to have a bespoke agreement developed and put in place from the outset. Every shareholders agreement needs to be developed according…

If you have spotted a great business acquisition opportunity and the headline figures look superb, how do you know that you will be getting the value and benefits in the deal that you had hoped for? The key lies in the quality and depth of the due diligence carried out by your advisors, especially in regard to the transferability of the business contracts. It is a sad fact, that some otherwise viable acquisitions have failed to succeed as a result…

If you are planning to appoint a new director to work in your business who will also acquire shares in your company then, as well as drawing up a service level agreement to govern their employment, you will also need to consider whether you need to make any changes to your current shareholder agreement.

If you’re having problems at work and are unable to settle the issue through company channels such as the grievance procedure, there is the option to leave under the terms of what is known as a settlement agreement (previously known as a compromise agreement) if you and your employer both agree. You will need a solicitor for settlement agreement advice and JPP offers a fast and reliable services provided by experienced solicitors. A settlement agreement is a legally binding contract…