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 Business Exit Strategies

You may not be planning to sell your business just now, but a good exit strategy could ensure you get the best price for it in the future – or pass it on tax efficiently to your heirs or successors.

You work hard to make sure your business succeeds. For many people, it is the major source of income and wealth. They are relying on it to fund their desired standard of living in retirement. Many small to medium business owners have unrealistic expectations of their business sale price and the ease of which it will sell.

 The sooner you consider the following situations the better you can prepare for them:-

  • Passing on your business to your children or family
  • Selling a business to directors, partners or staff
  • Selling a business to another company or individual
  • Floating your business as a public company
  • Winding up your business
  • Minimising your tax liability
    Planning subsequent ventures.

 Kennas can advise you and help you draw up an exit strategy plan, considering:

  • Minimising tax when selling a business
  • Valuing your business
  • Identifying a buyer
  • Planning for a smooth business transfer
  • Choosing the best time for selling a business.

We specialise in helping business owners to achieve the highest value for their business and keep as much of the proceeds as possible by minimising the tax. Our advisers have the most impact when engaged early and can make a significant difference if planning starts where possible three to five years before a planned sale.

 

Meet our business specialist...

Darren Smith
Partner
Contact Kennas Today!