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28/10/2026

📢 Budget 2026 at a Glance

Today’s Budget brought a number of important announcements for business owners, directors and investors across Northern Ireland.

We’ve pulled together some of the key headlines that could impact our clients, from selling a business and raising investment to rewarding employees and planning for future growth.

27/10/2026

With the UK Autumn Budget due tomorrow, corporate solicitors Claire Daly and Caoimhe McCormick explore why protecting a family business requires much more than tax planning.

Read more: https://tinyurl.com/2fy45tmk

20/10/2026

What happens to family business shares when circumstances change?

Passing shares to the next generation is an important step in succession planning. The planning shouldn’t with who gets the shares today.

▪️ What if a shareholder later wants to sell?
▪️ What happens to their shares if they die?
▪️ Could shares become an issue on divorce?
▪️ Should other family members have the option to buy them back?
▪️ Could a trust help protect long-term ownership?

There are several ways families can plan ahead. Including shareholder agreements, wills, cross-option agreements, life insurance and trusts.

The right approach will depend on the family, the business and their long-term plans.

That’s what we cover in the latest article in The Business Brief: Passing the Baton.

Part of a family business? Read it to find out the options you can take to protect business ownership and plan for the generations to come.

🔗 Link in our bio!

Corporate Solicitor Dungannon | Succession Planning | NI Family Business

30/09/2026

Thinking about selling your business? Is your structure ready?

When preparing for a sale, attention naturally turns to valuation, finding the right buyer and negotiating the deal.

But there is another question worth asking early:
Is the business you want to sell actually sitting in the right structure?

Over time, businesses evolve. Different activities end up in the same company.

Property and other assets are acquired. Contracts and employees are shared across a group. Intercompany balances build up.

None of that may be a problem today - but it can become one when you want to sell.

Before going to market, it is worth considering:

▪️What exactly are you selling – and what do you want to keep?
▪️Does the property go with the business?
▪️Are different businesses mixed together in one company?
▪️Does the company being sold actually own the assets and IP it needs?
▪️Are there shared employees, contracts or services to separate?
▪️Are there group loans, guarantees or other arrangements to deal with?

In the latest article within the Business Brief: Structure & Restructure, we look at how getting the structure right before a buyer arrives can make the eventual transaction much smoother

Access it on the insights section of our website!

29/09/2026

A business can be profitable and have plenty of cash in the bank - but that doesn’t necessarily mean it can pay that money out to shareholders.

Sometimes the issue lies in the company’s share capital and distributable reserves.

A reduction of capital can be a useful restructuring tool for private companies.

Depending on the circumstances, it can be used to:
▪️Create distributable reserves
▪️⁠Deal with historic accumulated losses
▪️Return surplus capital to shareholders
▪️⁠Help facilitate a shareholder exit or share buyback
▪️⁠Form part of a wider reorganisation or demerger

Despite the name, a reduction of capital isn’t necessarily a sign that a business is in difficulty.

It can simply be a way of reorganising a company’s balance sheet to give it greater flexibility.

There is, however, a formal process to follow.

This is what we cover in the latest article in The Business Brief: Structure & Restructure. Find it in the insights section of our website.

28/09/2026

A fantastic evening at the inaugural Tyrone Business Awards on Friday night at Corrick House Hotel and Spa.

Daly McCormick was delighted to be invited along to support a number of our clients who were nominated and to celebrate the many brilliant businesses and individuals recognised on the night.

The event was expertly hosted by Caroline O’Neill, who also led an engaging panel discussion with Mary McKenna MBE and Olivia McVeigh.

Mary noted during the discussion that growing up in a family business can give you a real edge – particularly fitting on a proud night for our Partner, Caoimhe McCormick, as Lowe Bros Master Butchers Stewartstown was named Family Business of the Year and her father, Kevin Martin Lowe received the Lifetime Achievement Award recognising his long-standing dedication, leadership and contribution to business and the wider community.

Congratulations to the organisers on a brilliant first event, and to all the nominees and award winners.

A great evening celebrating the businesses and people who contribute so much to Tyrone and the wider Northern Ireland economy.

A few photos from the evening 📸

Claire Daly Caoimhe Lowe Dan Lowe

25/09/2026

When does a business need to reorganise or become two?

The next two articles in The Business Brief: Structure & Restructure, explore intra-group reorganisations and demergers.

Visit the insights section of our website to find out when each may make sense as a business evolves.

15/09/2026

A strong day of conversations around two issues that matter to ambitious businesses: succession and access to capital.

This morning, Daly McCormick attended the Newry Chamber & AAB breakfast on planning the future of family business and wealth, exploring succession, IHT and long-term planning.

That was followed by the London Stock Exchange Private Securities Market event in Belfast, hosted in collaboration with John-George Willis, Chairman of Pivotal Sec Plus, with discussion around developments in private markets and the opportunities available to growing companies seeking investment and liquidity.

Two different events, but one clear theme: planning well for the next stage of growth.

Thanks Malachy McLernon & John-George Willis for having us.

14/09/2026

A great afternoon on Friday at the Law Society of Northern Ireland Women’s Network event, “Navigating Your Path to Partner Level”, at Oxford Island Discovery Centre.

We were delighted to see Claire take part in the panel, sharing her experience of working across Manchester, Melbourne and Northern Ireland, building teams, stepping into partnership and ultimately co-founding Daly McCormick.

It was a valuable discussion around ambition, leadership, resilience and the different routes women can take in progressing their careers in law.

Thank you to the Law Society of Northern Ireland for bringing together such an accomplished panel, chaired by Lenore Rice of Adamson Rice, alongside Rosemary Lundy of Arthur Cox, Angela Brady of Brady Solicitors and Aine Tyrrell of O’Reilly Stewart.

A really worthwhile afternoon of honest conversation, shared experience and encouragement for the next generation of female leaders in the profession.

28/08/2026

That’s a wrap on The Deal Room 🔐

Throughout August, the first edition of The Business Brief has explored some of the key considerations when buying or selling a business.

From choosing the right deal structure and understanding what you’re acquiring, to due diligence, tax considerations, payment terms and protection after completion - there’s much more to a transaction than the headline price.

Our recap carousel brings together some of the key themes from the series.

All four articles are now available in The Deal Room: https://www.dalymccormick.com/the-business-brief

Next up:
📌 September - Building Better
How to structure and restructure your business for growth, change and long-term success.

Your business. Our legal expertise. One topic at a time.

Address

42 Northland Row
Dungannon
BT716AP

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 1pm

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https://www.dalymccormick.com/

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