A solution aimed at securing the future of your business should the worst happen; built for your future by solving tomorrow’s problems today.
Whether you are a sole trader, a member of a partnership, or the owner of a limited company, it is vital to ensure that you have a plan in place to enable your business interests to pass in accordance with your wishes.
arch.law protect has been designed to take the stress of succession planning away, delivering these solutions, differently.
This solution is suitable for:
- Sole traders
- Traditional and Limited Liability Partnerships [LLPs]
- Owners of Limited Companies
How are we different?
We bring together specialist skill sets of lawyers that focus on estate planning and lawyers that know how to set out a shareholders’ agreement effectively. This ensures that we gain a proper understanding of your business requirements, balanced with your personal requirements.
Our best in class onboarding solution for new clients also ensures a seamless approach to you becoming a client with arch.law.
1. Why is succession planning important?
It isn’t always possible to predict a change in fortunes, so it’s important to plan for periods of ill-health, particularly when this could have a critical impact on the management of your business.
Having a succession plan in place for your business assets is key for three reasons:
1. continuity for your business – to ensure the business can seamlessly continue trading, protecting the interests of your beneficiaries and the livelihoods of your employees;
2. tax efficiency – certain business assets can qualify for full or partial exemption from IHT – it is important that your holdings are structured properly to ensure you qualify for all the reliefs available;
3. appointing the right people to administer your business – these can be different to the ones you choose for your personal estate.
What’s involved?
A business will and succession planning strategy can typically include:
- a Will
- a review (often in conjunction with your accountant and financial adviser) of any existing corporate documents including the company constitution, partnership agreement or shareholders agreement or sale/purchase agreement to make sure your succession plan and your Will work together – this is vital;
- a Lasting Power of Attorney giving someone the legal authority to make decisions on your behalf
- IHT planning
- a review of your asset-holding structures (e.g. Family Investment Companies) to make sure they work with your Will and that they are the most appropriate vehicle for your particular circumstances.
"arch.law protect is built with the business owner in mind. Our solution protects owners, employees and beneficiaries – taking the stress away from a challenging period of change."
Andrew Leaitherland
FOUNDER AND CEO
2. Investing in our technology
Client Onboarding
We recognise that this is often a pain point for our clients – the process of checking identity for anti money laundering purposes as well as just engaging with a firm of solicitors is often far more cumbersome than it needs to be.
We have streamlined this process massively to the benefit of our clients.
Our onboarding partner, Legl, will work with our clients to digitally conduct all checks that are required within days of sending out the onboarding link. Through this process, our client will be cleared both for anti money laundering and identity checking but also will be able to formally engage Arch Law Limited as their solicitors through electronic signature. This process with Legl is also applied to identifying source of funds later in the transaction when the client is looking to complete.
In order to ensure the best experience for our clients, we also use DocuSign to ensure digital execution of all relevant documents.
A little about us
At arch.law we combine leading edge technology with
high quality lawyers and advisors to deliver legal
solutions differently for our clients.
We recognise that law is not simply a service – our
client need a solution that allows them to rectify their
problem or maximise their opportunity.
What we do
Delivering legal solutions, differently
Our clients’ needs continue to develop in this ever-changing fast-moving world. Their needs are rarely the same – they have issues and opportunities which need solutions rather than services.
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