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  • Overview

    All family businesses are unique, but still often face the same challenges as any other business, combined with the complications that can arise from the dynamics of family relationships. Family businesses, of any size, require lawyers who is able to understand the problems they face, with a personalised pragmatic approach. 

    As a leading law firm who specialise in commercial and private client work, this allows us to support you and your business in all issues, across a wide range of sectors. 

    Our lawyers are highly experienced, and willing to spend time understanding your family, your business and your goals. The team brings together skills from a range of different disciplines in order to offer the best expert advice.

    Only a small number of family businesses make it beyond the third generation, but with our help, experience and heritage, we can work with you to develop the right strategy, and review plans regularly.  

    We specialise in the following areas:

    • Family and business governance
    • Shareholder and charter / constitutional arrangements
    • Succession planning
    • Business restructuring and strategy
    • Wealth preservation
    • Tax structuring.

     

    Family businesses remain a vital part of the economy contributing a large proportion of the GDP.  We are committed to working with family businesses and helping them grow and prosper.

  • Related Client Stories

    Thomson Snell & Passmore advises £25 million family run tyre-dealer business

    We advised Kent based family-run tyre dealer and autocentre company, Watling Tyre Service Limited, in connection with a share purchase and restructuring transaction. The purchase involved the buy out of the minority shareholder.

    Acting for longstanding client motor trade dealer group

    Thomson Snell & Passmore has acted for the Motorline Group, a long-standing client of the firm in respect of its recent acquisitions of various dealerships across the South East, South West and the Midlands. 

  • Latest Updates

    £25 million independent tyre dealer and autocentre completes acquisition

    Leading South East law firm Thomson Snell & Passmore have advised Kent based family-run tyre dealer and autocentre company, Watling Tyre Service Limited, this week in connection with a share purchase and restructuring transaction for an undisclosed sum.

    Death and taxes

    Death and taxes are life’s certainties, or so we’re told, and if you’re a regular reader of any publication about wealth, you will know that this adage of Benjamin Franklin’s is one that private client professionals like to quote - a lot!  But tax, or the amount that will be owed on your death at least, can be given more certainty, and greatly reduced, if you plan for it.

    Family Business - Planning for the future

    For those in family businesses, planning for the future is not only important individually, but also for their family business. Whilst many people have there own will in place, those individuals must also consider these in the context of their business and whether they reconcile with the future plans of their business.

    FAQ: Budget 2017

    Q. The budget seemed ‘much ado about nothing, did I miss something?’

    FAQ: Tax Planning

    Q. We want to help our 20 year old daughter buy her first flat, but we’re worried about putting such a valuable asset directly in her name. Is there anything we can do to protect the property until she’s a bit older?

    FAQ: Budget

    Q. Was there any good news for SMEs in the Budget? A. Whilst not transforming the landscape for SMEs, there was certainly some good news.  The Chancellor looked to shift some of the tax burden onto large corporates, giving him some room to assist smaller businesses.

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