John has been working on a new business project and is looking at the different business structures he could use
a. Start by explaining the steps he would need to take to become a sole trader and the advantages and disadvantages.
a. John was thinking about a friend of his who might be interested in investing into business with him. As such, you need to advise them on the difference between a general and limited liability partnership.
b. John may also be interested in setting up a limited liability company. Advise him of the process to have a registered company. What are the pros and cons with this type of structure?
Time has gone by and John is running a successful business. He has been approached by a competitor (Brian) who suggests that they merge in order to have a larger share of the market. John needs some advice on this area.
a. Outline the pros and cons to John of entering into a merger agreement. Provide real life examples.
b. What steps will John and Brian have to take in order to carry out the merger?
c. Advise John of the other groups of professionals that will be involved in the merger process and their roles.
John and Brian merged companies and expanded into Asia. Following a series of business deals it has come to light that Brian neither has the contacts nor business structure she led John to believe and upon which their agreement was made. John would like to walk away from the agreement.
a. Advise John on the difference between him making a claim for a breach of a condition or warranty.
b. The dispute resolution clause in the merger agreement between John and Brian established that any disputes would be resolved via arbitration. Outline the commercial arbitration process under UK legislation
c. Imagine there was a clause in the merger agreement stating that John had the right to acquire Brian’s company should the merger agreement be terminated. Explain the process John would have to follow in order to acquire Sally’s company.
