MEMBERS UPDATE 24TH MAY 2024

Business Succession Planning

Held at Scottish Craft Butchers Office, 8/10 Needless Road, Perth, 2pm
Nicholas Howie is a Partner in the Corporate team at the law firm, Lindsays LLP.
Lindsays LLP is a Scottish firm of experienced lawyers for people and businesses with offices in Edinburgh, Glasgow, Dundee, Perth and Crieff.
Nicholas will:
· Discuss the two main methods of selling / purchasing a business:
· Asset purchase – This involves the buyer acquiring a collection of assets and rights, and sometimes assuming responsibility for certain liabilities, relating to the target business. This might be the only option for selling / purchasing the target business if the target business is operated by an individual sole trader or a partnership.
· Share purchase – This involves the buyer acquiring a majority or all of the shares in the company that carries on the target business.
· Provide an overview of the two transaction types and highlight some of the key differences between them.
· Discuss other methods that may be suitable in certain circumstances, including partnership (the retirement and/or introduction of a partner) and employee-ownership trusts (EOTs).
· Discuss how to structure a sale / purchase and explain:
· Heads of terms;
· Sale and purchase agreements;
· Disclosure letter;
· Property arrangements;
· Employee arrangements; and
· Completion and post-completion matters.
There will be a Q&A session at the end.
PLEASE BOOK YOUR PLACE BY CONTACTING
BRUCE MCCALL ON 01738 637472
or EMAIL [email protected]
[email protected]
www.chattanqualitymeats.co.uk

Regional Meetings / Results
Thank you to everyone who attended the regional meetings they were a great success, these were supported by your corporate members, Verona Eco, Scobiesdirect.com, Dalziel, Scotweigh and Dalesman.
Congratulations to everyone who won an award in the product competitions for Beef Link sponsored by Dalziel, Black Pudding sponsored by Scobiedirect.com and Home Cured Bacon Product sponsored by Scotweigh.
The results are attached to this email. Shortly we will have the full stories released to the press and will appear on our website. www.craftbutchers.co.uk

MEMBER SERVICES – Bruce McCall:             [email protected]                01738 637472
CRAFT SKILLS SCOTLAND – Claire Simpson:    [email protected]               01738 637785

Bruce McCall
Scottish Craft Butchers
8-10 Needless Road
Perth PH2 0JW
Tel: 01738 637472
Mobile: 01738 637472
twitter.com/scocraftbutcher
facebook.com/scottishcraftbutchers/
www.craftbutchers.co.uk