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Exit Planning

A key issue for many people is how to extract value for the business, particularly if they wish to move on to the achievement of other business or personal goals.  Much depends on individual goals and circumstances, but exit planning may involve:

• tax planning
• valuing the business
• grooming the business for sale
• succession planning

Tax planning
We work with many entrepreneurs who have built successful businesses and who have considerable value invested in their businesses.  In advising such clients, we are careful to balance the needs of the business with those of the entrepreneur. We will work with you to devise a tax efficient exit. We will advise you fully on the tax implications of each method of exit and offer you some tax planning opportunities to ensure that tax can be minimised.

Valuing the business
Business valuations involve specialist knowledge. We will help you find the right experts to do the job and on a practical level we will work with you and the experts throughout the process.

Grooming the business for sale
To capitalise on selling a business, it needs to be seen at its best so that it will attract interest and a good price. Ultimately, a business is only worth what the highest bidder will pay and few people want to buy unsuccessful businesses.

Sealy Shaw Accountants will advise and assist you in preparing your business for sale: in the preparation stages, marketing the business for sale and in completing the deal. We will recommend and work closely with the solicitors throughout the sale process.

Succession planning
When considering succession various options exist. These include handing over ownership to offspring or other relatives, passing control to a non-family manager, management buy-out (MBO), management buy-in (MBI) or winding up the business.

However you decide to realise the assets of your business, we will provide support and advice from a practical, financial and tax perspective. Whatever the size of your business, exit planning is a key area where your accountant and financial advisor can work in tandem to ensure that your personal goals are met. Discussing your future plans can also assist in tax planning recommendations and business advice today. In a nutshell, we all need to be “singing from the same hymn sheet”!

Require more information?
If you would like more information or would like to ask us a question then call us on 01332 613610. To ask us a question online click here.