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Management buyouts: a quick guide for the management team looking to buy-in

The senior management team are the backbone of every business: they provide the vision, support and safeguarding needed for effective and efficient operation.  But if you dream of becoming the boss, do you have what it takes to become a business owner? In the second of a three-part series of articles on management buyouts, we consider this question and highlights some of the issues a management team will need to consider if thinking about making a bid for the business they work for.

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Is a management buyout a good way to sell your business?

This is the first article in a series of three. The other articles are a quick guide for the team looking to buy in and one about funding options. 

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Retaining ownership of your goods via a retention of title clause

A retention of title clause can be a useful way to protect yourself in business if you supply goods on credit, as it provides you with a form of insurance if your customers fail to pay you.  Depending on how the clause is drafted you will either have the right to take your goods back or to claim a stake in any money the customer has received from selling them on.  Used appropriately they can be very effective.

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Sleep-in care workers ‘not entitled to minimum wage’

Care workers sleeping at their workplace were "available for work" rather than "working" and so were not entitled to be paid the national minimum wage for the whole of their sleep-in shift.

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