OUR SERVICES
Mergers and Acquisitions
Investment Rounds
SEIS and EIS Tax Reliefs
Shareholder Agreements and Articles of Association
Shareholder Disputes and Buyouts
Joint Ventures
Founder and Vesting Contracts
Share Option Schemes
Employee and Consultancy Agreements
Technology and Intellectual Property Contracts
Strategic Company Law Advice
Financial Services
Commercial Property
Last updated on April 6th, 2020 at 08:09 am
Welcome to
‘The Jonathan Lea Network’
We are a firm of solicitors based in Haywards Heath, Mid-Sussex. We work with clients throughout the UK and around the world, adopting a tailored, pragmatic and clear approach to each matter we take on.
Put simply, through our work we aim to increase your profit, protection and free time. We only accept instructions on matters where we know we can add value and will always ensure that clients have the benefit of fee certainty, including a commitment to fixed fees where possible.
Furloughed employees and EMI Share Option Schemes
Published 5 days ago
As you may have read in our blog post relating to furloughed workers, a furloughed employee is still an employee, given that they remain on the company’s payroll during any period of furlough leave. This is despite the fact that in order for the employer to recover up to 80% of the furloughed employee’s wages under the Coronavirus Job Retention Scheme (CJRS), the employee cannot do any work whatsoever for the employer during the furlough period.
The Future Fund scheme
Published 10 days ago
The Government’s Future Fund scheme opened to applications from 20 May 2020 onwards. This blog post gives you general information relating to the scheme, provides useful links to various associated sources and explores the implications of the scheme on the SEIS / EIS regimes.
Gifting Shares to Employees
Published 12 days ago
This blog post focuses on how to gift shares to employees in a private limited UK company, including how HMRC value such shares and how to fill in the P11D form.
Does a mini-bond have to be approved by an FCA authorised firm?
Published 18 days ago
While having no legal definition, a ‘mini-bond’ can be best described as a type of debt security that is marketed to retail investors.
Can a non-UK foreign company raise investment pursuant to SEIS and/or EIS?
Published 20 days ago
One of the main requirements for companies wishing to raise investment pursuant to SEIS and EIS is that they must have a ‘permanent establishment’ in the UK (as detailed in HMRC’s guidance manuals VCM34050 and VCM13020). This means that an essential or substantial part of the company’s business must be wholly or partly carried on through a fixed place of business in the UK. This means that the business activities that are carried out in the UK can’t be of a preparatory or auxiliary character.