Succession & Exit Planning

Succession & Exit Planning

One of the discussions that we have early on in the relationship with our clients is related to the ultimate long term goal for the business. A well run business that evolves its products and services with the needs of its customers will survive generations and outlive the founder. Having a clear understanding of when the owner wishes to hand over to the next generation or sell the business is key to the advice we provide.

Handing over to a family member and selling are 2 distinct options and when assisting the client we will consider all options including management buyouts or the sale to a trade buyer or family members. We will appraise the owner’s tax position as well as that of the company and identify the various exit options. Once we have reviewed options and discussed with the owner then we will develop a detailed plan and agree a timescale for implementation.

We can also assist with the voluntary liquidation of a business.