LCF and TPO: Financial Planning for
Business Owners Webinar
How to Access Value in your Business
Join LCF Law’s corporate law expert Cathy Cook and Alex Shields of The Private Office as they take you through the financial life cycle of a business and the financial planning opportunities arising from the recent Budget 2021 announcements.
- Gain insight into initial funding for businesses, business growth and exit strategies.
- Why investing in plant and machinery will give businesses an attractive tax break.
- Find out why pensions continue to offer a tax efficient way of extracting business profits.
Company payments to director/shareholders during a business lifecycle
Cathy Cook, Partner, LCF Law
Corporate law expert Cathy Cook will cover the life cycle of a business from initial funding, through growth and steady trading, to how to prepare for an exit. Her presentation will include examples of real-world transactions and how issues were either avoided… or should have been. This will include:
1. The set-up of businesses and how they are often initially funded, including the pressures on business owners when very little (if any) profit is being generated. What are the typical payment options to get cash out of a business.
2. Steady trading – the importance of a shareholders’ agreement, class rights and how they can be used to address the differing needs of business owners. How can shareholder / directors protect their interests against the unexpected.
3. Planning for and being ready for exit – The matters to consider when planning to exit to maximise your returns so that you exit when you want to with the value you have earnt.
Financial Planning for Business Owners – Post Budget Opportunities
Alex Shields, Adviser, The Private Office
Whilst it was announced in the budget that corporation tax will increase and personal tax allowances will be frozen, the announcement of a ‘super-deduction’ will give businesses an attractive tax break when investing in plant and machinery, and pensions continue to offer a tax efficient way of extracting business profits. In this webinar, we will explore how pensions could be used to help your business take further advantage of this super-deduction and we will provide a reminder of how beneficial pension contributions can be when considering how to tax efficiently extract profits from your business.
The full extent of the tax changes announced in the budget will not be felt for 5 years, so what do you need to do now to plan for 2026? Additionally, with cash in the bank paying very little in the way of interest, should you be investing your business’s cash?
When: 9.30 am on Thursday 20th May 2021
Where: Online via Zoom
How long: 60 minutes including 15 minutes Q & A
Cost: It's FREE
