Preparing for Exit and Succession Planning
Sooner or later most businesses start thinking about realising the value in the business. You may plan to pass on the business to the next generation. You may have a management team which is capable of taking on the business and moving it to the next stage. Or you may be considering a complete exit either through a trade sale or some form of flotation (IPO).
Whatever your plans, you will want to ensure that you maximise the value in the business which you have worked hard to build up over a number of years. Planning for that value realisation cannot start too soon, and we have a great deal of experience in working with business owners to "groom the business" for exit. Whatever the exit route is (and you don't need to decide that now), early preparation is vital. Our services include:
Facilitated workshops to explore the different options available
Ensuring that the business is in the best possible shape
Early tax planning to ensure that all options are kept open and that the final value does not get eroded by unexpected tax liabilities