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ARTICLE · 17 SEPTEMBER 2020

Future Proof A Business – Can It Be Done?

Reviewing business structure need not take long and does not have to be expensive. Often all it takes is a few straightforward changes to be put in place.

United KingdomCorporate/Commercial Law
Joanna Millar
Joanna Millar

Reviewing business structure need not take long and does not have to be expensive.  Often all it takes is a few straightforward changes to be put in place.  These changes could make an operating structure more efficient, and possibly release cash flow.  Small changes can also help to future proof a business, which in these difficult times is a very important consideration.  There is no one size fits all and it is never possible to guarantee future success, but a good structure combined with maximizing turnover and profit as much as possible can really help a business move forward in a stronger, more positive way.

Structure always sounds complicated but is, in fact, very simple.  It describes the way a business is put together.  Who are the owners (partners or shareholders)?  Who runs the business on a day to day basis (partners or directors)?  Where does the profit go and are the operators maximizing tax to make sure they are getting as much as possible out of the

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