With over 40% of marriages in Scotland likely to break down, it is important for those in the farming community to take steps to protect their business interests if entering into marriage.
Many farm businesses operate as partnerships. For those in the sector, what’s unusual about that? It’s aye been done like that and partnership names, linked to farm and family names, are a familiar roll call at the mart. But in a way it’s quite unusual compared with other business sectors. Limited companies have become the norm for most trading businesses, with sole trader status tending to be reserved for the smaller trades. Professional practices remain a limited exception, largely because of the way they are regulated.
We have all at least heard about, if not know of, a family farm that needed to be sold under difficult circumstances, sometimes bringing to an end a family’s connection to a farm that might stretch back many generations. The trigger might have been the death of the current farmer, or perhaps a divorce, an unanticipated tax bill or an agricultural tenancy coming to an end. Events such as these can cause unmanageable calls on cash or strip other assets out of the business. In many cases, better succession planning would have allowed the family to manage these trigger points and to continue running the farm.
Gin, quite simply, is taking Scotland by storm.
Punslinger Tim Vine is back on the road for the first time in four years with a brand-new stand-up show, new jokes, silly songs and – as if that weren’t enough – twitchy dancing.
BT is leading the charge for the north-east of Scotland to work better, faster and stronger.
When a business faces financial difficulty, it is not uncommon to engage the services of an insolvency practitioner, “IP”, to undertake a financial review and assist with restructuring.
With summer just around the corner, it’s time to start thinking about warm days and balmy evenings.
The English Grand National is almost upon us, and we'll soon join in with some 600 million viewers from around the world, placing over £150 million in bets on the £1 million steeplechase race at the Aintree course, which sees the winner taking home over £500,000.
There are at least two considerations for companies serving the North Sea offshore oil and gas industry.