Business exit strategies
Everyone knows that a successful business must plan ahead, but all too often the pressures of keeping the business going on a daily basis mean that strategic planning is not given the attention it needs. The result is often rushed judgements, poor decisions and missed opportunities.
Every business owner needs an adviser who has the time and space to take the long view and advise on an appropriate course of action before it is too late. With years of experience advising the local business community we have a wealth of experience and expertise for you to draw on.
Sound strategic planning will serve to enhance the value of the business and is the cornerstone of a lifetime plan for wealth maximisation.
A well thought out plan for the sale of a business and retirement will allow important capital gains tax mitigation. We can provide imaginative and practical tax mitigation plans using onshore and, where appropriate, offshore structures.
If a business is to be passed onto children careful consideration should be given to the capital gains and inheritance tax consequences, together with the practical implications of a change in control of the business. A structured tax efficient approach to such a transition can be achieved by staggered gifts and by the use of appropriate trusts.
At each stage in the life of a business, careful tax planning can provide significant savings. We pride ourselves on our ability to meet the ongoing requirements of entrepreneurs and their businesses.
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