Succession planning

Generally speaking, business owners tend to put off major decisions regarding retirement planning. Yet if a business is to remain an ongoing concern, future planning is absolutely essential.

Our tax team will give you a fresh view of all your options, then review the tax consequences of your preferred exit strategy to ensure you derive optimum benefit from it.

If, for example, you are selling your business, the entrepreneurs’ relief should be considered as it can be used to produce a net tax rate of 10% on the sale.

Different ways to leave a business include:

  • Handing it over to family members
  • Selling it to existing directors & partners
  • Selling it to a third party
  • Closing it down

We will work with you to establish your optimum exit strategy, addressing all the issues and circumstances which make your business unique.

 

 

 
 
 
 
 
 
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