BUSINESS EXIT PLANNING AND SUCCESSION PLAN

"You'd be surprised how many business owners are too busy worrying about running their own business that they fail to take account that one day they will exit".

Are you one of them?

It's never too soon to start thinking about it. Exit planning is as important as paying VAT and PAYE, ignore it at your peril!

What Is Exit planning?

There are many ways to define Exit Planning, but essentially it is based on one simple premise: At some point in time, every business owner leaves his/her business, voluntarily or otherwise. At that time, they want to receive the maximum amount of money in order to accomplish personal, financial, income and estate planning objectives

Few give much consideration at the point of starting their business, however at some stage it will become important.

Exit objectives:

formulating an exit plan will provide a clear understanding of the ownership transition goals and the various steps, which will be required in order to achieve them.

The Exit Planning Process

In the end, every small business will change hands. Ownership will change either by sale, bankruptcy, flotation, transfer to a family member or merging with another company. Each of these events will have tax and lifestyle consequences for the owner.

Exit planning is essential to ensure that you keep most of the cash, where it rightfully belongs.

In the same way that you made the decision to invest in your business and nurture it, you must plan ahead to maximise your return from a disposal or transfer.

In association with experts in exit planning, we help you:

• Clarify your personal goals and objectives
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• Conduct a detailed analysis of your business
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• Select the most appropriate exit route, having regard to your objectives
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• Implement and oversee the exit plan
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• Assist the transition into life after work

The Next Step

To arrange an an exploratory discussion in absolute confidence.

For a free initial consultation contact now