When a dispute arises in the context of a business it will usually stem from a known risk, such as a customer not paying, an employee setting up in competition or a supplier breaching the terms of their contract. Identifying and effectively managing the risks posed to your business can seriously reduce the likelihood of …
In the last of two articles on the financial crisis facing the owners and occupiers of commercial property following the business rates revaluation earlier this year, Mark Parnall, director with Parnalls in Launceston, explained the process for appealing against your assessment. In this article, he considers available rates exemptions and reliefs, options for reducing your …
Leaving a gift to charity in your will Time spent with family and friends over the festive period can make you realise how precious life is and the importance of ensuring that those you love and care about are provided for when you die. Among those you wish to benefit from your will may be …
In the second of a two-part series of articles on how different ways of buying a home can affect your legal rights, Louis Mathers conveyancing lawyer with Parnalls in Launceston, explained the implications of using self-funded options and government-backed schemes. In this article, he looks at the implications of using a mortgage or private loan. …
New rules on the procedure businesses must follow when trying to collect debts from individual customers could mean that you have to wait 90 days or more before you can issue court proceedings. To limit the damage this may cause to your cash flow it is important to review your credit control procedures following the …
When thinking about buying your first home, or selling your existing one to move up the property ladder, you may be tempted to raise the money you need using what you believe to be the quickest and cheapest method. You may also be tempted by offers of shared ownership and the various schemes available which …
Giving replies to pre-contract commercial property sale enquiries can feel like a chore but misleading answers can land a seller in trouble. As Louis Mathers commercial property lawyer with Parnalls in Launceston explains, sellers of commercial property need a clear understanding of what they must disclose, when they should update their replies and the possible …
If you are fortunate enough to have financial security, and more money than you need to live comfortably, then you may want to pass on some of your wealth to your family and friends while you are still alive. Making gifts to loved ones during your lifetime can be immensely rewarding and tax efficient, but …
In the final instalment in a three-part series of articles on commercial leases, Louis Mathers, commercial property solicitor with Parnalls in Launceston concludes his consideration of the key terms that need to be included in a commercial lease. [Click here to read Part 1 and here for Part 2 if you missed them]. Assignment and …
If you are considering setting up a business there are numerous decisions that you will have to make, including whether you will operate as a sole trader, in partnership with someone else or through a company. With the last two options, you will also need to think about the structure of your business. To make …
