FS Legal

19/04/2023

🔑 Considering selling your business or planning for retirement? Explore the advantages of an Employee Ownership Trust (EOT)!

At FS Legal Solicitors LLP, we've witnessed the increasing popularity of EOTs among business owners, supported by our expert, Iain Johnstone FCA.

EOTs provide a unique method of transferring ownership to employees as a group, empowering them and preserving your company's values.

Key benefits of EOTs:

✅ Maintain involvement in the business (up to 49% of share capital)
✅ Completely eliminate taxes paid during the transition
✅ Keep the business in experienced hands, ensuring employees' future

EOT buy-outs can be financed through deferred consideration, and the process can be accelerated with external financing. Moreover, existing cash balances can be released in a tax-efficient manner.

Wondering if EOT is the right choice for you? Contact FS Legal Solicitors LLP today to discuss your options or visit our website for more information on succession planning:

https://www.fsl.legal/succession-planning/ 🚀

18/04/2023

🌟 Did you know Employee Ownership Trusts (EOTs) offer more than just tax-saving benefits?

High-growth independent financial advisors Cheetham Jackson (CJL) made the switch to an EOT, prioritizing employee engagement and collaboration while maintaining their strong company culture.

If you're considering an EOT for your business, FS Legal is here to help you every step of the way.

Discover CJL's success story and learn how FS Legal can assist you with your EOT journey at https://www.fsl.legal/succession-planning/.

Read the full ThinCats guest blog here: https://employeeownership.co.uk/news/why-transitioning-to-employee-ownership-was-the-best-option-for-high-growth-ifa-guest-blog/ 🎉💼

In this guest blog, EOA supporter member ThinCats takes a closer look at the motivation for high-growth independent financial advisors (IFA) Cheetham Jackson (CJL) to make the transition to employee ownership, and why it sought external finance to fund the move to an EOT. Employee Ownership Trusts (...

17/04/2023

📈 Business Valuations for IFA and Financial Planning Firms Surge Amid Interest Rate Hikes

Despite nine interest rate hikes in 2022, business valuations for IFA and financial planning firms grew by over 20%. FT Adviser reports that recurring income multiples increased from an average of 3.4 times in 2021 to 4.1 times in 2022. Profit multiples also experienced growth, rising from 6.9 times in 2021 to 8 times in 2022.

Demand for acquisitions remained strong, with over 90 deals announced in 2022. The market has diversified over the past four years, as large national consolidators have been joined by start-up acquirers opting for a 'buy & build' strategy.

For more information on the rise in IFA valuations and assistance in selling financial planning businesses, visit FS Legal or contact James Raybone via email at [email protected].

13/04/2023

"Empower Your Business with Employee Ownership Trusts: A Winning Exit Strategy 🏆"

As the business landscape evolves, FS Legal Solicitors LLP helps owners stay ahead by offering Employee Ownership Trusts (EOTs) as an attractive exit strategy for those looking to sell or retire. EOTs provide a unique opportunity to transition ownership to employees, rewarding and motivating them in the process.

With an EOT, eligible employees indirectly own the business and enjoy financial benefits typically given to shareholders. This ensures a secure future for the employees and maintains the company's integrity and ethos. Exiting owners can also eliminate tax liabilities and retain up to 49% share capital, allowing for a smoother transition and flexible timeline.

Since its introduction in 2014, EOTs have gained popularity due to their wide-ranging benefits for businesses, owners, and employees. EOT buy-outs can be funded through deferred consideration, and external financing can speed up the process even further.

At FS Legal Solicitors LLP, we're dedicated to providing the most effective solutions for your business needs. Contact us today to explore whether an EOT is the right option for your business! 🤝💼🚀

13/04/2023

🎉🌟 Welcome to FS Legal's Official page! 🌟🎉

Hello and welcome, we are thrilled to have you here on our official FS Legal page. This is the place where you can stay up-to-date on our latest news, legal insights, and exciting developments. 📚⚖️

At FS Legal, our mission is to provide top-notch legal services that cater to your unique needs. We strive to create a supportive environment for our clients, helping them navigate the complex world of law with ease and confidence.

Our team of experienced and dedicated professionals is always ready to support you, offering guidance and expertise in a variety of legal areas. 🤝🏛️

Here on our page, you can expect to find:

📢 FS Legal updates: Be the first to know about our latest achievements, team updates, and new services.

🧠 Legal insights: Stay informed with expert opinions and analysis on current legal issues and trends.

⏰ Upcoming events: Don't miss out on our webinars, workshops, and seminars designed to empower you with knowledge and skills.

💡 Legal tips: Practical advice to help you make informed decisions and protect your interests.

Don't forget to like, follow, and share our page with your friends and family, if you have any questions, suggestions, or feedback, please feel free to reach out to us via Facebook Messenger or email at [email protected].

We're always here to help! 💼

The FS Legal Team