The ownership of every privately owned business will be transferred. The ownership will change by selling, liquidation, bankruptcy, flotation, transferring to a relative or merging with another company.
Each of these transfers will have different tax, family and lifestyle consequences for the owner.
Exit Planning is essential to ensure that you end up with the maximum value for your business.
It's never too early to start thinking about exiting your business, indeed too many owners had very clear objectives when they started out, but rarely did those objectives include the strategic disposal of the business.
Planning a strategy to maximize the value of your business on sale requires careful advance planning. You should start considering the issues several years before you plan to sell.
The actual exit process will take 6 to 12 months and may require varying degrees of preparation of up to several years, depending on the condition of the business prior to sale.
In a nutshell, the very essence of Exit Planning is to facilitate leaving a business on your own terms.
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If you are interested in our Finance & Exit Strategy Services please telephone us on 01225 480325 or use our contact form to arrange a free discussion.
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