Plan your Exit Strategy
You have worked hard to build up your business, but what about when it comes time to stop? Your thoughts turn to a time when you will leave your business, maybe to enjoy a well earned retirement or move on to new challenges. Thoughtful exit strategy planning could prevent a lifetime of hard work ruined at the final hurdle.
Our advisors can help discuss and guide you through your various options for exit. This may be by way of a trade sale, a management buy out or through family succession; all come with their advantages and disadvantages, and their own benefits and points of caution. We can help you identify the right solution when planning your exit from a business to maximise and extract value tax efficiently.
It may be difficult letting go of something you have worked so hard on, and often judgement of your business’ value may be blurred. However, we can help to provide the clarity you will require to evaluate how much of the business value may be tied up with you, and the impact that your departure will have on those who remain, or indeed if they will remain once you are gone. We can help guide you in obtaining a realistic valuation of your business to ensure it is not over or under valued and gets you the best possible price. We help you identify where you can add value and when to time your departure for the best commercial and tax position.
It is also essential that you understand your potential tax liabilities on exit. A disposal could land you with unexpected payments unless you have done your tax planning properly. We will assist you in identifying personal and corporate tax liabilities and ensure that you claim any exemptions or relief’s to which you are entitled. Our experienced advisors will be on hand to guide you every step of the way.
Here are some of the ways we can help you:
- Creating an exit strategy
- Valuing your business
- Advising on tax implications
- Comparing and managing offers
- Selecting a preferred buyer
- Project management from start to finish
- Advising on contracts and due diligence