selling or passing on your business

Planning and thus grooming the business for succession or sale can be one of the most important business decisions that you will ever make.

 

We understand that it can be a difficult decision, having spent years building up the business. Whatever your reasons for passing on or selling the business, using our experience and expertise we can advise you on grooming the business to maximise its value. We can then advise on the personal and business tax implications

 

Preparing your Business for succession or Sale

To the wise owner it is a critical stage in the life of the ownership of the business. The owners need to groom the business for passing on internally or selling out. This stage needs careful planning over a period of time as there are many factors, such as getting the staffing right, motivating management, legal matters, and not least the taxation aspect to ensure you keep a larger slice than the Revenue.

 

Timing

Selling your business at the right time can have a significant influence on the value of your business. Ideally selling or transferring when the business is trading profitably with further profit potential increases the business’s value. By helping you plan ahead, we will ensure you do not become pressured into a quick sale.

 

Valuation

While remembering that a purchaser will be looking for a well organised, healthy business, showing strong financial performance, we can explore the various methods and strategies that exist to value your business. As a result, we will help you realise the maximum value of your business and help find potential buyers.

 

Tax Implications

In many cases, selling or transferring a business to a successor will have taxation implications. This is an area where our experienced tax advisors can give you a financial advantage, by highlighting the best options available to your given circumstances.

 

For more information or to arrange a consultation please contact us or call us on 01323 730631