Exit & Succession Planning

Exit and succession planning can be challenging at times but our experience has shown that a proactive exit is far more rewarding for business owners than a reactive sale.

Are you ready for selling your business?

The preparation of an exit plan puts you as the owners of the business in a stronger position to address some of the key issues and objectives in respect of:

•    Your future income needs and how long you want to remain active in your business
•    Your family - their future income and involvement in the business
•    Your business - will employees feel secure, will the business lose value without you?

Having identified your main objectives there are a number of exit options that can be discussed including:

•    Management buyout/buy in
•    Sale to trade buyer
•    Sale to family members
•    Voluntary Liquidation - controlled closure of the business

When assisting clients who are looking for succession planning, Morris Crocker can:

•    Appraise the tax position of the individuals and company
•    Identify the various exit options available to meet shareholder objectives
•    Review options with shareholders to agree the most appropriate exit route
•    Develop a detailed plan and timescale

To find out more about the tax services we can provide for you, please contact us today on 023 9248 4356.

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What our clients say...

I would highly recommend Morris Crocker Chartered Accountants as they understand the health sector better than any other accountants I have met so far.  Their service can make a big difference to your business and add value via the statistical analysis they do with the year end accounts. Tauseef - Group Finance Manager, London

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