- Swansea (Main) 01792 773 773
- Cardiff 03333 209 242
- Carmarthen 01267 234 022
- Fishguard 01348 873 671
- Haverfordwest 01437 764 723
- Rural Practice 01267 266 944
- St Davids 01348 873 671
- Please note that all phone calls are recorded
Although the majority of farming businesses trade as partnerships, an increasing number are opting to run their businesses as limited companies. For example, setting up a company might be the appropriate structure for a family farm whether the older generation want to stop engaging in everyday business but still be involved.
Company status protects the parties against liability for the business debts because the company is regarded as a separate legal entity. It allows for certain parties of the business to be silent and others to be managers and involved in the day to day running. Any change to the membership of the company will not affect its existence. Also, members can be employed by the company to do work.
The disadvantage to the company structure is that it necessitates that certain legal requirements are adhered to e.g. company accounts, meeting requirements etc. Our Rural Practice Team can assist with setting up a limited company so that it is not a daunting process and can advise on the aspects of setting up a limited company which are unique to the farming business.
- Richard Howells
- Director & Head of Lifetime Planning Disputes
- Rory Hutchings
- Director & Head of Rural Practice
- Myria Griffiths
- Associate Solicitor - Commercial Property
- Alice Dearden Cobbett
- Associate Solicitor - Rural Practice
- Malcolm Thomas MBE A.R.Ag.S.
- Rural Client Manager - Rural Practice
- 07837 109 599
- Michelle Garey
- Legal Secretary - Rural Practice
- Jessica Mahoney
- Trainee Solicitor - Rural Practice
Malcolm Thomas MBE