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Choosing the right property for your business

Selecting the right premises is a key decision for many businesses and it is important to consider the matter thoroughly before jumping in, as renting or purchasing a property is expensive. Below we have created a list of our top 10 considerations that you should have in mind when choosing your business premises. 1. Customer base and competition It is important to examine and analyse the demographic of your customers. If many of your customers are in one specific location then it should be obvious that the closer you can set up business to…

A look back over 2014

What a year it has been for us here at Bowling & Co Solicitors! With the new year fast approaching we thought we would take this opportunity to take a look back over the year, put in motion our plans for 2015 and to wish you and your families and friends a Merry Christmas and a Happy New Year. This year we have focused more on working with and helping local and national charities. We have made donations throughout the year to several charities including Community Links, The Royal British Legion,…

Stamp Duty Land Tax reform

In the final Autumn Statement before the general election next year, the Chancellor, George Osborne has announced an overhaul of Stamp Duty Land Tax (SDLT). At present, stamp duty is calculated as a percentage of the whole property with an increased rate triggered by being only a pound over the relevant threshold. The new measures introduced with effect from 4 December 2014 fundamentally change the way in which SDLT rates will be applied to the purchase price of properties. The new stamp duty rate will be calculated as follows: 1.…

Our new brand

As 2014 draws to an end it has been a busy year so far for us at Bowling & Co Solicitors. We've seen trend breaking growth across all departments with a significant increase in headcount including the hiring of two new department heads, the implementation of a new case management system and last but not least the launch of our new brand. Excited? So are we! What is this new brand? We haven't changed our name but we have introduced a fresh new look to our brand and we have spent…

Top 10 tips when buying a business

Purchasing a business can be a complicated process. Here are our top 10 tips when buying a business. 1. Make sure you know exactly what you are buying It may seem like obvious advice but the due diligence procedure, where the business is examined in detail, is often the most crucial part of a purchase transaction. It is vital that you and your legal and accounting advisors examine the various aspects of the business including its accounts, commercial contracts, employee details, premises and other liabilities. Due diligence should also reveal how…

10 things to consider before purchasing a home

1. Choosing your solicitor and other professionals Becoming a homeowner for the first time or buying a house is a financial and emotional decision that requires the experience and support of a team of reliable professionals including a solicitor, an estate agent and possibly a lender and a range of other individuals. Appointing a team as soon as possible is key to the transaction. 2. Finance Working out what you can afford can help you plan and make a decision on a property purchase quickly. A pre-qualification letter (agreement in principle)…

Immigration Act 2014 – Tougher responsibilities on landlords

Earlier this year the Government's bill to tackle immigration was passed. The Immigration Act 2014 ("the Act") broadens the policing on immigration by placing additional responsibilities on the public at large, and more precisely on landlords. Under the Act landlords will be expected to examine if a prospective tenant has the right to be in the UK. If a landlord is found renting a property to an illegal migrant without carrying out the necessary checks that is expected of them under the Act they may find themselves liable for a…

Lasting Powers of Attorney and why you need one

With an ageing population in England and Wales, mental capacity is increasingly becoming an issue for a wide range of families. Mental capacity is a legal concept which defines a person's ability to make a specific decision or to do a particular act. If a person loses capacity, safeguards need to be put in place to cater for the eventuality. What are the safeguards? Preparing Lasting Powers of Attorney The answer is: preparing Lasting Powers of Attorney, whilst one still has capacity, in anticipation of the possibility that at some…

Top 10 tips when selling your business

Deciding to sell your business is by no means an easy choice to make. Here are our top 10 tips for getting everything in order and preparing your business for sale. 1. Obtain a business valuation One of the first things you should do is obtain a realistic idea of what your business is worth from an objective, outside source. A professional valuation will give you a basis for gauging offers from buyers and will give you an idea of what you can expect to achieve on a sale. It…

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