Our Services:

Business Exit Planning

At some point in time every business owner will leave their business either voluntarily or otherwise. A clear exit strategy should not be left to the very last moments but should form part of an owner’s business plan well in advance of when the moment arrives. An exit strategy should be professionally planned and ultimately executed so that it is compatible with the owner’s specific circumstances and objectives as well as taking full advantage of any tax efficiencies available.

Few business owners give this issue much consideration when starting their business. However, at some point in time, it becomes a very important consideration. The time to start planning for this is now.

There are four main ways to transfer a business. Each strategy brings different implications requiring careful analysis and consideration:

  1. Transfer ownership to your children.
  2. Sell to other owners or employees.
  3. Sell to a third party.
  4. Liquidate in an orderly manner.

For most business owners this is a once-in-a-life-time event and should to be done right or it may prove very expensive in more ways than one. In a similar fashion that a business owner made the decision to invest in and grow the business, it is crucial to plan ahead to maximise the return from a disposal or transfer of the business.

We help business owners with their exit planning in the following ways:

  • We work with them in clarifying their overall objectives.
  • We can help conduct a detailed analysis of their business and overall financial circumstances.
  • We help formulate the most appropriate exit plan taking into account the owner’s objectives as well as critical issues such as tax efficiency, retirement planning, income/investment needs and estate planning.
  • We help implement and oversee the exit plan.