At some point all business owners will exit the business. The objective should be a controlled exit to realise the maximum value, rather than working until the very end and hoping for the best!
A controlled exit from your business does not always mean selling it. We help clients to understand the wide range of options available for a complete, or partial exit from the day to day running of the business, whether by bringing in investors, or passing ownership to the next generation of employees through a Management Buy Out or transitioning ownership within the family.
However, if selling is the exit plan then we can help you to give yourself the best chance of achieving the best value by preparing the business for sale and this can never start early enough.
This planning is crucial and covers not only the transaction itself, but the tax implications of the exit itself and future taxes such as Inheritance tax. A big part of the exit plan is making sure the business can survive beyond you and that you can survive without it!
The common assumption is that exit is an all or nothing option, and that isn’t the case.