Are you ready for selling your business?
The preparation of a business exit plan puts you in a strong 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/buyin
• 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:
• Advise on business valuations and provide an estimate
• 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
Do you know how much your business is worth? See our factsheet Valuing a Business in 2022 for things to consider when determining the value of your business and the main valuation methods used.
And if you want to know how to leave your business in good hands, our guide to business exit strategies explains what you need to consider.
To find out more about the tax services we can provide for you, please contact us today on 023 9248 4356.