Guide to the legal, tax & regulatory issues

This downloadable guide has been complied by the UK Business Angels Association Technical Committee. The UK Business Angels Association Technical Committee is comprised of experts in financial, technical and legal aspects of angel investing, who are all associate members of the UK Business Angels Association. Read more »

Tax Schemes - EIS / SEIS

Enterprise Investment Scheme

The Enterprise Investment Scheme (EIS) is designed to encourage investments in small unquoted companies carrying on a qualifying trade through providing Angels with tax relief. Investment in companies that are not listed on a stock exchange often carries a high risk. The tax reliefs available offer some compensation for that risk. The EIS offers both income tax and capital gains tax relief to investors who subscribe for eligible shares in qualifying companies. Read more »

Fact sheets on due diligence

The following due diligence factsheets were drawn up by the UK Business Angels Association Technical Committee. These fact sheets take you through the key aspects of due diligence that you would want to consider when negotiating and making an investment in an early stage business.

Click on the relevant link below to direct you to the factsheet you require.

These factsheets broadly fall under the following categories: Read more »

Legal process & documentation

What legal documents are likely to be required in order to finalise the investment?

The following legal documents have been produced by the UK Business Angels Association Technical Committee, with the specific expertise of Eversheds LLP, Harbottle & Lewis LLP and MBM Commercial LLP.

Once the investment terms have been agreed, these terms will be reflected in long-form documents which will typically comprise those set out below: Read more »

Research & Reports

If you would like to access further information and sources of advice, we recommend you click on the links below, to access a wide range of books and article's that will be able to provide you with valuable research and resources to assist your decision.


Investing in Companies by Smith & Williamson Read more »

Other useful resources

The BBA is the leading trade association for the UK banking and financial services sector, representing over 200 member banks from 60 countries on the full range of UK and international banking issues, and providing information on developments and initiatives in the banking sector. Read more »