The motivations for schools and academies wishing to establish a trading company are wide and varied, including supporting income generation, teaching school alliances, effective collaboration with other schools and organisations, to ring-fence risk or as a means to develop the use of trust facilities to support the wellbeing and transformation of communities.
Our expert team has extensive experience of advising on a wide range of issues relating to trading companies and the creation of pragmatic, robust arrangements to ensure the right bedrock for success. It is important to have in place an agreement that not only sets out the basis of the provision of services between the school and its subsidiary but also ensures the governing body of the school has appropriate oversight and control over the activities of the subsidiary.
In addition to the formal legal services we provide, many of our clients regularly ask us to contribute to their strategic planning and development, giving us the opportunity to offer a wider service, including our business, collaborative-working and leadership-development expertise.
- Comprehensive advice on all forms and sizes of companies, from small companies to support after-school, community-enrichment activities, to diocesan-trading companies serving multiple schools and academies.
- Company set-up including establishing suitable commercial and governance arrangements and advising on the practical and legal issues, including property, employment, intellectual property and pensions.
- Joined-up working with tax advisers and accountants to ensure the most effective tax and financial arrangements for your proposed company.
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