It may seem a long way off at the moment, but the earlier you start planning the better. All these considerations need to be taken into account in preparing a strategy for business exit. After all, you’ll want to maximise your wealth at retirement or leave the business in safe hands and the timing of the sale could dramatically reduce your tax bill.
At Addison & Co we’ll help you to think about your exit and prepare a long term strategy. There are a number of options available that you may not have previously considered, even for the owners of smaller businesses.
If you are the owner of a family business there are some specific questions you should ask yourself:
For an informal, no-obligation chat about how we can help you prepare an exit or succession strategy, contact us today.