Professional Practices

We act for a large number of professional practices including Architects, Solicitors, Consulting Engineers, Management consultants, Land agents and more. We have advised many times on such matters as practice sales and purchases, conversion to LLP or limited company, partner succession and retirement planning, practice benchmarking and other industry specific matters.

Professional Practices have their own issues such as:
Need for audit e.g. SRA rules
Lock up of partners’ capital
Partnership succession
Partners Practice buy in loans
Valuation of year end work in progress
Timing of recognition of profits
Tax planning for high and fluctuating profits
Payroll bureau
Business software choice, development and training

We can advise on these matters and much much more

For a free consultation contact Denise Lindsell
01763 248100