Have you considered the next steps for your business?
Do you have a family member ready to take over the reins?
Do you know what you need to do to sell your business?
Succession planning can be stressful because of the many emotional and legal considerations involved. We understand what’s required to ensure a smooth transitional process for all involved, plus the strategic financial steps to be considered when you receive a lump sum payment for a business.
Setting the correct structure from an early stage is critical. It ensures that you limit your Capital Gains Tax exposure, makes provision for the transfer of ownership in the event of an accident, and maximises the value of the asset.
Effective succession planning provides a smooth transition for family members involved in the business, and ensures that valuable employees are also considered.
Talk to one of our Advisers today about building a plan that ensures you can retire from your business in a proactive and stress-free way.
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