There are many issues facing our society which have become hot topics under the spotlight of media attention. With the COP26 summit just around the corner, everyone is talking about climate change. And by taking the knee, the England men's and women's football teams continue to direct the conversation towards discrimination and equality. It is perhaps no surprise that against this backdrop we have seen a rapid rise in ESG investing.
After a year where the hospitality and entertainment industry was hit hard it is a pleasure to attend concerts once again. This year Womble Bond Dickinson has continued their support for the Samling Institute for Young Artists, who we have supported for many years.
In this article, we take a look at one method of succession planning in family-owned companies, using shares which are often referred to as 'freezer' and 'growth' shares. We also put the theory into practice with a case study example.
Many business owners, often having spent a lifetime building up their business, are keen to ensure that on their death, where possible, the business can continue, with the right management in place. Equally important to them is that the value of their interest in the business can be realised for the benefit of their family and loved ones, in a tax efficient way.
Most successful business owners are, understandably, focused on running and growing their business, but this often comes at the expense of putting effective estate planning measures in place. This can prove costly in tax terms, particularly so in the case of a sale.
Stephanie qualified into Womble Bond Dickinson's Private Capital team in September 2021, after successfully completing her two year training period
Stacey specialises in accounts and taxation for Trusts and has over 10 years experience working with private clients.
David is the managing director of Womble Bond Dickinson Wealth Limited, our Financial Conduct Authority authorised firm providing regulated financi