Look out – someone just took your businesss

Look out – someone just took your businesss

Business Issues – Leases & Goodwill, International tax traps

Look out – someone just took your business!

Imagine that you own a small supermarket. You’ve been operating in the same location for just under a decade. Since you opened, the business has established a regular customer base and business seems fairly consistent. You might look to sell in a few years to capitalise on all the time and effort you put into building the business, and find something new. But this is something to think more seriously about in a few years time. Then, your landlord contacts you and says that the lease is due for renewal in a few weeks and gives you an ultimatum: pay double the current rent along with a hefty annual increase, or get out.

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