Marlborough Living Nov - Dec 2021
At last the Christmas editions are here! With festive fun, gifts and interiors, plus inspiration for decorating the guest bedroom and an interview with the Yorkshire Shepherdess Amanda Owen. Plus, our competition pages return, with staycations, laundry upgrades and festive hampers!
At last the Christmas editions are here! With festive fun, gifts and interiors, plus inspiration for decorating the guest bedroom and an interview with the Yorkshire Shepherdess Amanda Owen. Plus, our competition pages return, with staycations, laundry upgrades and festive hampers!
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Married to the business?<br />
It’s not only Coronavirus that can cause devastation to a business...<br />
Our client’s business began many years ago as a small-hold farm<br />
run by a married couple, which flourished into a thriving family<br />
business involving extended family and employees. The business<br />
had managed to weather the storms of the economic fall-out,<br />
recent global events and many recessions.<br />
The couple are now sadly separated.<br />
Every decision was made together - until now.<br />
The present relationship breakdown threatens closure of the<br />
business because neither of them can agree how to move it<br />
forward. This is an example of many collaborations that hinge on<br />
good relationships when everyone pulls together.<br />
It’s taken six months to accept that the business must be sold<br />
if terms aren’t agreed and each day delayed causes long-term<br />
economic damage.<br />
We all know that disagreement is inevitable in any working and<br />
personal relationship. Outright warfare can result from those<br />
relationships turning sour and particularly when self-interest<br />
takes priority.<br />
Often it’s how we prepare for these times that saves the business<br />
from economic and personal lockdown. <strong>Dec</strong>isions often need to<br />
be taken urgently with a cool head.<br />
The right provisions and the right legal written agreement for your<br />
business can, and often do, direct the way ahead.<br />
Depending on which article you read, the economy will thrive as<br />
we emerge from the isolation of national lockdown.<br />
The time is always right to review your business needs.<br />
We recommend you:<br />
• Hold frank discussions about those eventualities to prevent<br />
uncomfortable conversations later<br />
• Agree steps to take in any buy-out, retirement, sale of part<br />
and how to mediate or arbitrate when tensions rise<br />
• Agree time-frames for talks to steer the storms whenever<br />
they arise<br />
• Plan for succession planning<br />
Relationship breakdown or divorce is hard enough and the family<br />
business needs to keep going at this time for the sake of the<br />
whole family. The right relationship lawyer will discuss how any<br />
break-up won’t mean financial ruin.<br />
Speak to a business-minded lawyer about drawing up the right<br />
agreement to suit your SME. We can help with frank talks on<br />
succession planning too.<br />
Contact Amba Chawla for a<br />
focused chat by telephone or<br />
get in touch using the email<br />
address below:<br />
The Merriman Partnership<br />
107 High Street, <strong>Marlborough</strong>,<br />
Wiltshire, SN8 1LN<br />
T: 01672 515846<br />
F: 01672 515871<br />
Email: law@tmp.uk.net<br />
ADVERTISING FEATURE<br />
32 | www.minervamagazines.co.uk
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