Whatever your eventual reasons for exiting your business, planning an exit strategy will enable you to take maximum control and derive maximum value from the transaction.
It’s never too early to start thinking about your exit from your business.
At some point, business owners are likely to want to pass on the company to the next generation, or indeed to sell to a third party – whether those owners are serial entrepreneurs, and will start all over again; or whether they want to retire and live out their days in a sunnier climate!
Done properly, planning an exit strategy requires a long term approach. It takes time to get your business ‘match ready’ for disposal.
Tax is a complex and pervasive issue impacting every stage of the exit planning process.
How your business is structured, its tax position, whether you are selling business assets or selling shares, or maximising available tax benefits such as Entrepreneurs Relief and Business Property Relief. These will all impact both the attractiveness of your business to potential purchasers and your tax exposure resulting from an exit.
But for business owners, planning an exit strategy goes beyond the commercial drivers. Personal considerations have to be given due attention and consideration. Ensuring your exit will help you meet your future lifestyle, income and security objectives, means effective exit planning should also encompass wider asset management and planning.
Here to help
As experienced tax consultants, ETC help business owners plan for the tax consequences of exiting a business.
Through effective tax planning, we can help you meet your personal and commercial objectives by minimising exposure to tax, including Capital Gains, and maximising value of any eventual deal.
It is more important than ever for entrepreneurs to take time to properly consider the structure of the business such that it is as tax efficient as possible, and in meeting personal and commercial objectives.
We have substantial experience advising entrepreneurs – both directly and as clients of other professional advisers – on all aspects of tax when planning an exit strategy. As with all of our tax planning, we start by understanding each client’s individual objectives – commercial and personal – before we look at the tax position.
Whatever stage you are at with your exit planning – whether you have been approached by a potential buyer or whether you are starting up a business and want to start as you mean to go on – we can help you secure a favourable tax position to support you in realising the full potential of your company through the exit process.
We advise on all aspects of the exit process, from preparing your business for sale, to providing tax advice on deal structure, and mitigating potential tax risks such as double taxation.
We are also highly experienced in advising on availability and use of tax benefits such as Entrepreneurs Relief and Business Property Relief.